August 2014 IIP grows at 0.4%
Dear All,
August 2014 IIP grows at 0.4%
Growth in industry output, as measured in terms of IIP, for the month of August 2014 and July 2014 is estimated at 0.4% The cumulative growth for the period Apr-Aug 2014-15 stands at 2.8% as compared to 0.0% in the corresponding period of the previous year. The growth in the three sectors mining, manufacturing and electricity in Aug 2014 stands at 2.6%, (-) 1.4% and 12.9% respectively as compared to 1.2%, (-)1.0% and 11.7% respectively in July 2014.
Recent growth pattern in IIP (% growth)
Industry Group | Weight in IIP | Apr-Aug 2013-14 | Apr-Aug 2014-15 | Aug 2014 | July 2014 |
Mining | 14.2 | -3.6 | 2.5 | 2.6 | 1.2 |
Manufacturing | 75.5 | -0.1 | 1.8 | -1.4 | -1.0 |
Electricity | 10.3 | 4.5 | 11.7 | 12.9 | 11.7 |
Use based classification | |||||
Basic goods | 45.7 | 0.3 | 8.6 | 9.6 | 7.4 |
Capital goods | 8.8 | 0.7 | 4.3 | -11.3 | -3.8 |
Intermediate goods | 15.7 | 2.4 | 2.4 | 0.3 | 2.9 |
Consumer Goods | |||||
Consumer goods | 29.8 | -1.6 | -4.9 | -6.9 | -7.7 |
a) Consumer durables | 8.5 | -11.2 | -12.9 | -15.0 | -20.8 |
b) Consumer non-durables | 21.3 | 6.8 | 0.9 | -0.9 | 2.3 |
Overall IIP | 100 | 0.0 | 2.8 | 0.4 | 0.4 |
Source: PHD Research Bureau, compiled from CSO
The growth in Basic goods stands at 9.6% during Aug 2014 as compared to 7.4% in July 2014. The cumulative growth during April –Aug 2014-15 stands at 8.6% as compared to 0.3% during the corresponding period of last year. Consumer goods have grown at (-) 6.9% during Aug 2014 as against (-) 7.7% during July 2014. Consumer durables have grown at (-) 15% during Aug 2014 as compared to (-) 20.8% during July 2014, while consumer non durables have grown at (-) 0.9% during Aug 2014 as compared to 2.3% during July 2014.
The cumulative growth of consumer goods during Apr-Aug 2014-15 stands at (-) 4.9% as against (-) 1.6% during the corresponding period last year. Consumer durables have shown a cumulative growth of (-) 12.9% during Apr- Aug 2014-15 as against (-) 11.2% during the corresponding period last year, while consumer non durables have shown a cumulative growth of 0.9% during Apr- Aug 2014-15 as compared to 6.8% during the corresponding period last year.
Some of the important items showing high positive growth during the current month over the same month in previous year include ‘Stainless/ alloy steel’ (160.8%), ‘Sealed compressors’ (121.1%), ‘Air Conditioner (Room)’ (80.1%), ‘Plastic Machinery Incl. Moulding Machinery’ (59.4%), ‘Rice’ (56.7%), ‘Scooter and Mopeds’ (32.1%), ‘Three-Wheelers (including passenger & goods carrier)’ (31.3%) and ‘Fasteners (Excl. Zip-Fasteners)’ (25.1%).
Some of the other important items showing high negative growth are: ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 57.2%], ‘Generator/ Alternator’ [(-) 51.3%], ‘Computers’ [(-) 49.5%], ‘Marble Tiles/ Slabs’ [(-) 44.0%], ‘Polythene Bags Incl. HDPE & LDPE Bags’ [(-) 42.3%], ‘Aluminium Conductor’ [(-) 37.2%], ‘Sugar Machinery’ [(-) 33.6%], ‘Boilers’ [(-) 32.0%], ‘Sugar’ [(-) 30.8%], ‘Antibiotics & Its Preparations’ [(-) 23.8%], ‘Cable, Rubber Insulated’ [(-) 23.7%], ‘Steel Structures’ [(-) 22.6%] and ‘Fuel, Aviation Turbine’ [(-) 21.8%].
Trend in IIP growth (%)
Source: PHD Research Bureau, compiled from CSO
Capital goods have grown at (-) 11.3% during Aug 2014 as compared to (-) 3.8% during July 2014. The cumulative growth of capital goods stands at 4.3% during Apr- Aug 2014-15 as compared to 0.7% during Apr- Aug 2013-14.
Trend in the growth of capital goods (%)
Source: PHD Research Bureau, compiled from CSO
Warm regards,
Dr. S P Sharma
Chief Economist