Dear All,
November 2014 IIP grows at about 4%
Growth in industry output, as measured in terms of IIP, for the month of November 2014 is estimated at 3.8% as compared with (-)4.2% during October 2014. The cumulative growth for the period Apr-Nov 2014-15 stands at 2.2% as compared to 0.1% in the corresponding period of the previous year. The growth in the three sectors mining, manufacturing and electricity in Nov 2014 stands at 3.4%, 3% and 10% respectively as compared to 5.2%, (-)7.6% and 13.3% in Oct 2014. The cumulative growth for the period Apr-Nov 2014-15 in the three sectors mining, manufacturing and electricity over the corresponding year stands at 2.5%, 1.1% and 10.7% respectively. Capital goods growth stands at 6.5% during Nov 2014 as compared to (-) 2.3% during Oct 2014. The cumulative growth of capital goods stands at 4.9% during Apr-Nov 2014-15 as compared to (-) 0.1% during Apr-Nov 2013-14.
Recent growth pattern in IIP (% growth)
Industry Group | Weight in IIP | Apr-Nov 2013-14 | Apr- Nov 2014-15 | Nov 2014 | Oct 2014 |
Mining | 14.2 | -2.1 | 2.5 | 3.4 | 5.2 |
Manufacturing | 75.5 | -0.4 | 1.1 | 3 | -7.6 |
Electricity | 10.3 | 5.4 | 10.7 | 10 | 13.3 |
Use based classification | |||||
Basic goods | 45.7 | 1.2 | 7.5 | 7.0 | 5.8 |
Capital goods | 8.8 | -0.1 | 4.9 | 6.5 | -2.3 |
Intermediate goods | 15.7 | 2.8 | 1.8 | 4.3 | -3.1 |
Consumer Goods | |||||
Consumer goods | 29.8 | -2.6 | -5.7 | -2.2 | -18.6 |
a) Consumer durables | 8.5 | -12.6 | -15.9 | -14.5 | -35.2 |
b) Consumer non-durables | 21.3 | 6.2 | 1.9 | 6.0 | -4.3 |
Overall IIP | 100 | 0.1 | 2.2 | 3.8 | -4.2 |