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April 2013 IIP grows at 2%

Growth in industry output, as measured in terms of IIP, for the month of April 2013 is estimated at 2% as compared with 2.5% during March 2013. The cumulative growth for the period April-March 2012-13 stands at 1.1% as compared to 2.9% in the corresponding period of the previous year.

The growth in the three sectors mining, manufacturing and electricity in April 2013 stands at (-) 3%, 2.8% and 0.7% as compared to (-) 2.9%, 3.2% and 3.5% during March 2013 respectively. The cumulative growth for the period April- March 2012- 2013 in the three sectors mining, manufacturing and electricity over the corresponding year stands at (-) 2.4%, 1.2% and 4% respectively.

Recent growth pattern in IIP (% growth)

Industry Group	Weight in IIP	Apr- Mar	Apr-Mar	March	April
Industry Group	Weight in IIP	2011-12	2012-13	2013	2013
Mining	14.2	-1.9	-2.4	-2.9	-3
Manufacturing	75.5	3.0	1.2	3.2	2.8
Electricity	10.3	8.2	4.0	3.5	0.7
Use based classification
Basic goods	45.7	5.5	2.4	2.6	1.3
Capital goods	8.8	-4.0	-6.1	6.9	1.0
Intermediate goods	15.7	-0.6	1.6	-0.2	2.4
Consumer Goods
Consumer goods	29.8	4.4	2.4	1.6	2.8
a) Consumer durables	8.5	2.6	2.1	-4.5	-8.3
b) Consumer non-durables	21.3	5.9	2.7	6.5	12.3
Overall IIP	100	2.9	1.1	2.5	2

Source: PHD Research Bureau, compiled from CSO

Basic goods have grown at 1.3% during April 2013 as compared to 2.6% during March 2013. The cumulative growth during April - March 2012-13 stands at 2.4% as compared to 5.5% during the corresponding period of last year. Consumer goods have grown at 2.8% during April 2013 as compared to 1.6% during March 2013. Consumer durables have grown at (-) 8.3% during April 2013 as compared to (-) 4.5% during March 2013, while consumer non durables have grown at 12.3% during April 2013 as compared to 6.5% during March 2013.

The cumulative growth of consumer goods during Apr-March 2012-13 stands at 2.4% as against 4.4% during the corresponding period last year. Consumer durables have shown a cumulative growth of 2.1% during Apr-March 2012-13 as against 2.6% during Apr-March 2011-12, while consumer non durables have shown a cumulative growth of 2.7% during Apr-March 2012-13 as compared to 5.9% during Apr-March 2011-12.

Some of the important items showing high positive growth during the current month over the same month in previous year includes; Woollen Carpets (172.3%), Apparels (96.4%), Naphtha (25.1%), Vitamins (136.6%), PVC Pipes and Tubes (36.9%), Conductor, Aluminium (47.8%), Cable, Rubber Insulated (98.3%), Three-wheelers (including passenger and goods carrier (21.4%), Gems and Jewellery (24.5%) and Pens of all kind (36.8%).

Some of the other important items showing high negative growth are Cigarettes (-) 37.8%, Terry Towel (-) 21.8%, Di Ammonium Phosphate (DAP) (-) 44.7%, Grinding Wheels (-) 29.6%, Copper and Copper Products (-) 47.0%, Boilers (-) 47.3%, Heat Exchangers (-) 47.9%, Earth Moving Machinery (-) 32.8%, Sugar Machinery (-) 79.2%, Plastic Machinery Incl. Moulding Machinery (-) 39.4%, Computers (-) 41.7% and Telephone Instruments including Mobile Phones & Accessories (-) 30.9%.

Trend in IIP growth (%)

Source: PHD Research Bureau, compiled from CSO

Capital goods have grown at 1% during April 2013 as compared to 6.9% during March 2013. The cumulative growth of capital goods stands at (-) 6.1% during April- March 2012-13 as compared to (-) 4% during April- March 2011-12.

Trend in the growth of capital goods (%)