IIP OCTOBER DATA - DETAILED REPORT

IIP Highlights
The Index of Industrial Production (IIP) data for the
month of October 2012 grew at better-than-expected.
The General Index for the month of October 2012
stands at 171.3, which is 8.2% higher as compared to
the level in the month of October 2011. A large part
is attributed due to the base effect. This is the
highest since June 2011 when the indicator came in
at 9.5%. The cumulative growth for the period
April-October 2012-13 over the corresponding period
of the previous year stands at 1.2%. The govt. has
revised the Sept. IIP to -0.7% against -0.4% estimated
earlier.

Sectoral Overview
The Indices of Industrial Production for the Mining,
Manufacturing and Electricity sectors for the month
of October 2012 grew at -0.1%, 9.6% and 5.5% as
compared to October 2011. The cumulative growth in
the three sectors during April-October 2012-13 over
the corresponding period of 2011-12 has
been -0.7%, 1.0% and 4.7% respectively. In terms of
industries 17 out of the 22 industry groups in the
manufacturing sector have shown positive growth
during the month of October 2012 as compared to
the corresponding month of the previous year.



User based IIP
The growth rates in October 2012 over October 2011
are 4.1% in Basic goods, 7.5% in Capital goods and
9.4% in Intermediate goods. The Consumer Durables
and Consumer non-durables have recorded growth of
16.5% and 10.1% respectively, with the overall
growth in Consumer goods being 13.2%.

Posted in: IIP DATA