The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of November 2013 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 16 source agencies viz. Department of Industrial Policy & Promotion (DIPP); Indian Bureau of Mines; Central Electricity Authority; Joint Plant Committee; Ministry of Petroleum & Natural Gas; Office of Textile Commissioner; Department of Chemicals & Petrochemicals; Directorate of Sugar; Department of Fertilizers; Directorate of Vanaspati, Vegetable Oils & Fats; Tea Board; Office of Jute Commissioner; Office of Coal Controller; Railway Board; Office of Salt Commissioner and Coffee Board.

2. The General Index for the month of November 2013 stands at 162.4, which is 2.1% lower as compared to the level in the month of November 2012. The cumulative growth for the period April-November 2013-14 over the corresponding period of the previous year stands at (-) 0.2%.

3. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2013 stand at 122.9, 170.3 and 158.5 respectively, with the corresponding growth rates of 1.0%, (-) 3.5% and 6.3% as compared to November 2012 (Statement I). The cumulative growth in the three sectors during April-November 2013-14 over the corresponding period of 2012-13 has been (-) 2.2%, (-) 0.6% and 5.4% respectively.

4. In terms of industries, ten (10) out of the twenty two (22) industry groups (as per 2-digit NIC-2004) in the manufacturing sector have shown negative growth during the month of November 2013 as compared to the corresponding month of the previous year (Statement II). The industry group ‘Radio, TV and communication equipment & apparatus’ has shown the highest negative growth of (-) 42.2%, followed by (-) 27.5% in ‘Office, accounting & computing machinery’ and (-) 19.5% in ‘Furniture; manufacturing n.e.c.’. On the other hand, the industry group ‘Chemicals and chemical products’ has shown a positive growth of 18.6% followed by 16.1% in ‘Electrical machinery & apparatus n.e.c.’ and 14.5% in ‘Wearing apparel; dressing and dyeing of fur’.

5. As per Use-based classification, the growth rates in November 2013 over November 2012 are 0.7% in Basic goods, 0.3% in Capital goods and 3.3% in Intermediate goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of (-) 21.5% and 2.5% respectively, with the overall growth in Consumer goods being (-) 8.7%.

6. Some of the important items showing high negative growth during the current month over the same month in previous year include ‘HR Sheets’ [(-) 63.2%], ‘Molasses’ [(-) 61.4%], ‘Sugar (including sugar cubes)’ [(-) 56.3%], ‘Boilers’         [(-) 47.0%], ‘Aluminium Conductor’ [(-) 45.4%], ‘Telephone Instruments (incl. Mobile Phones & Accessories)’ [(-) 44.6%], ‘Earth Moving Machinery’ [(-) 44.1%], ‘Gems and Jewellery’ [(-) 40.4%], ‘Computers’ [(-) 35.3%], ‘Sugar Machinery’     [(-) 31.6%] and ‘Polyester Chips’ [(-) 28.0%].

7. Some of the other important items showing high positive growth are: ‘Vitamins’ (302.3%), ‘Ship building & repairs’ (134.8%), ‘Wood Furniture’ (63.3%), ‘Cable, Rubber Insulated’ (61.2%), ‘Antibiotics & its preparations’ (58.1%), ‘Ayurvedic Medicaments’ (52.1%), ‘Air Conditioners (Room)’ (31.5%), ‘Plastic Machinery (incl. Moulding Machinery)’ (28.4%) and ‘Tractors’ (26.8%).

8. Along with the Quick Estimates of IIP for the month of November 2013, the indices for October 2013 have undergone the first revision and those for August 2013 have undergone the final revision in the light of the updated data received from the source agencies. It may be noted that these revised indices (first revision) in respect of October 2013 shall undergo final (second) revision along with the release of IIP for the month of January 2014.

9. Statements giving Quick Estimates of the Index of Industrial Production at Sectoral, 2-digit level of National Industrial Classification (NIC-2004) and by Use-based classification for the month of November 2013, along with the growth rates over the corresponding month of previous year, including the cumulative indices and growth rates, are enclosed.

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Index of Industrial Production shows overall decline with mixed sectoral performance and divergent use based goods trends. Quick estimates of the Index of Industrial Production for November 2013 record a year on year decline in the General Index, with Mining rising modestly, Manufacturing contracting, and Electricity expanding. Ten of twenty two 2 digit manufacturing groups showed negative growth; specific industry groups and individual items with large negative and positive monthly changes are identified. Use based classification reveals weak Consumer Durables and modest Consumer Non durables, producing an overall fall in Consumer Goods. October indices received a first revision and August indices a final revision, with a further finalization timetable indicated.