Short Note : Index of Industrial Production (May,2019)
The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of May 2019 stands at 133.6, which is 3.1 % higher as compared to the level in the month of May 2018. The cumulative growth for the period April-May 2019 over the corresponding period of the previous year stands at 3.7 %.
What are the figures?
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2019 stand at 111.0, 133.3 and 176.9 respectively, with the corresponding growth rates of 3.2 %, 2.5 %, and 7.4 % as compared to May 2018. The cumulative growth in these three sectors during April-May 2019 over the corresponding period of 2018 has been 4.1%, 3.2 %, and 6.7% respectively.
What about the industries?
In terms of industries, twelve out of the twenty-three industry groups (as per 2-digit NIC-2008) in the manufacturing sector have shown positive growth during the month of May 2019 as compared to the corresponding month of the previous year. The industry group Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials has shown the highest positive growth of 24.8 % followed by 15.9 % in Manufacture of food products and 9.4 % manufacture of computer, electronic and optical products .On the other hand, the industry group Manufacture of paper and paper products has shown the highest negative growth of (-) 12.2 % followed by (-) 9.9 % in Manufacture of furniture and (-) 8.7 % in Manufacture of fabricated metal products, except machinery and equipment .
As per Use-based classification, the growth rates in May 2019 over May 2018 are 2.5 % in Primary goods, 0.8 % in Capital goods, 0.6 % in Intermediate goods and 5.5 % in Infrastructure/ Construction Goods. The Consumer durables and Consumer non-durables have recorded growth of (-) 0.1 % and 7.7 % respectively.