February 2018 IIP stands at 7.1%
Growth in industry output, as measured in terms of IIP, for the month of February 2018 stands at 7.1% as compared to 7.4% in January 2018. The growth in the three sectors mining, manufacturing and electricity in February 2018 stands at (-)0.3%, 8.7% and 4.5% respectively over February 2017. The cumulative growth in these three sectors during April- February 2017-18 over the corresponding period of 2016-17 has been 2.3%, 4.6% and 5.2% respectively. Primary goods growth stands at 3.7%, capital goods growth stands at 20.0%, intermediate goods growth stands at 3.3%, infrastructure/ construction goods growth stands at 12.6%, consumer durables growth stands at 7.9% and consumer non-durables growth stands at 7.4% during February 2018 as compared to the previous year.
Recent growth pattern in IIP (% growth)
Source: PHD Research Bureau, compiled from CSO
Some important item groups showing high positive growth during the current month over the same month in previous year include ‘Separators including decanter centrifuge’ (214.4%), ‘Stainless steel utensils’ (158.3%), ‘Bodies of trucks, lorries and trailers’ (149.2%), ‘Ship building and parts thereof’ (107.8%), ‘Sugar’ (60.1%), ‘Bars and Rods of Alloy and Stainless Steel’ (58.1%), ‘Vaccine for veterinary medicine’ (51.4%),‘Steroids and hormonal preparations (including anti-fungal preparations)’ (41.3%), ‘Axle’ (40.2%), ‘Commercial Vehicles’ (30.6%), ‘Two-wheelers (motorcycles/ scooters)’ (29.6%), ‘Industrial Valves of different types- safety, relief and control valves(non-electronic, non-electrical)’ (27.7%) and ‘Cement- all types’ (23.8%).
Some important item groups that have registered high negative growth include ‘Hand Tools incl. interchangeable tools, not mechanised’ [(-) 68.0%], ‘Jewellery of gold (studded with stones or not)’ [(-) 66.9%], ‘Material handling, lifting and hoisting equipment’ [(-) 46.6%], ‘Paper of all kinds excluding newsprint’ [(-) 34.5%], ‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 33.0%], ‘Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 30.9%], ‘Medical/ surgical accessories’ [(-) 27.4%], ‘Telephones and mobile instruments’ [(-) 23.8%],‘Agarbatti’ [(-) 23.1%], ‘Anti-pyretic, analgesic/anti-inflammatory API & formulations’ [(-)23.1%], ‘Generators/ Alternators’ [(-) 22.6%] and‘Other tobacco products’ [(-) 22.3%].
Trend in IIP growth (%)
Source: PHD Research Bureau, compiled from CSO
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