Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of May 2023 (Base 2011-12=100)


azadi ka amrit mahotsav

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.

For the month of May 2023, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 145.0. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2023 stand at 128.1, 142.3 and 201.6 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 149.8 for Primary Goods, 102.7 for Capital Goods, 154.1 for Intermediate Goods and 174.7 for Infrastructure/ Construction Goods for the month of May 2023. Further, the indices for Consumer durables and Consumer non-durables stand at 115.2 and 148.0 respectively for the month of May 2023.

Details of Quick Estimates of the Index of Industrial Production for the month of May 2023 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification are given at Statements I, II and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 12 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

Along with the Quick Estimates of IIP for the month of May 2023, the indices for April 2023 have undergone the first revision and those for February 2023 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for May 2023, the first revision for April 2023 and the final revision for February 2023 have been compiled at weighted response rates of 92 percent, 93 percent and 95 percent respectively.

Release of the Index for June 2023 will be on Friday, 11th August 2023.

Note: –

  1. This Press release information is also available at the Website of the Ministry –http://www.mospi.gov.in
  2. Press release in Hindi follows and shall be available at:

https://www.mospi.gov.in/hi                                                                  

 

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION – SECTORAL

(Base: 2011-12=100)

Month

Mining

Manufacturing

Electricity

General

(14.372472)

(77.63321)

(7.994318)

(100)

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

Apr

116.6

122.6

131.6

138.5

194.5

192.3

134.5

140.5

May*

120.4

128.1

134.6

142.3

199.9

201.6

137.8

145.0

Jun

113.7

 

136.8

 

196.9

 

138.3

 

Jul

101.1

 

135.0

 

188.9

 

134.4

 

Aug

99.6

 

131.3

 

191.3

 

131.5

 

Sep

100.0

 

134.6

 

187.4

 

133.8

 

Oct

112.6

 

128.5

 

169.3

 

129.5

 

Nov

122.7

 

137.5

 

166.7

 

137.7

 

Dec

132.6

 

144.9

 

179.4

 

145.9

 

Jan

136.1

 

145.5

 

186.6

 

147.4

 

Feb

129.2

 

137.6

 

174.0

 

139.3

 

Mar

154.2

 

147.1

 

188.0

 

151.4

 

Average

               
                 

Apr-May

118.5

125.4

133.1

140.4

197.2

197.0

136.2

142.8

   

 

 

 

 

 

 

 

Growth over the corresponding period of previous year#

 

 

 

 

   

 

 

 

 

 

 

 

May*

11.2

6.4

20.7

5.7

23.5

0.9

19.7

5.2

                 

Apr-May

9.7

5.8

12.7

5.5

17.4

-0.1

12.9

4.8

 

 

 

 

 

 

 

 

 

 

* Figures for May’23 are Quick Estimates.

NOTE: Indices for the months of Feb’23 and Apr’23 incorporate updated production data.

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

             STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)

 

(Base: 2011-12=100)

 

Industry

code

Description

Weight

Index

Cumulative Index

Percentage growth #

 

 

May’22

May’23*

Apr-May*

May’23*

Apr-May*

 

 

 

 

 

2022-23

2023-24

 

2023-24

10

Manufacture of food products

5.3025

122.7

121.3

127.7

128.7

-1.1

0.8

11

Manufacture of beverages

1.0354

126.2

119.2

122.2

113.0

-5.5

-7.5

12

Manufacture of tobacco products

0.7985

87.9

83.6

86.7

75.4

-4.9

-13.0

13

Manufacture of textiles

3.2913

111.5

107.4

112.8

107.1

-3.7

-5.1

14

Manufacture of wearing apparel

1.3225

142.4

112.7

135.9

102.2

-20.9

-24.8

15

Manufacture of leather and related products

0.5021

99.0

100.8

102.7

99.3

1.8

-3.3

16

Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

0.1930

113.1

98.7

109.7

94.2

-12.7

-14.1

17

Manufacture of paper and paper products

0.8724

86.3

78.9

86.4

79.8

-8.6

-7.6

18

Printing and reproduction of recorded media

0.6798

88.5

85.4

86.4

87.7

-3.5

1.5

19

Manufacture of coke and refined petroleum products

11.7749

134.4

137.8

132.8

133.3

2.5

0.4

20

Manufacture of chemicals and chemical products

7.8730

135.6

132.8

129.5

129.5

-2.1

0.0

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

188.0

227.3

189.6

232.4

20.9

22.6

22

Manufacture of rubber and plastics products

2.4222

105.1

111.7

105.0

108.5

6.3

3.3

23

Manufacture of other non-metallic mineral products

4.0853

134.4

148.1

135.7

147.2

10.2

8.5

24

Manufacture of basic metals

12.8043

186.2

204.1

183.2

202.8

9.6

10.7

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

83.2

86.9

80.6

81.8

4.4

1.5

26

Manufacture of computer, electronic and optical products

1.5704

122.5

115.5

124.6

113.5

-5.7

-8.9

27

Manufacture of electrical equipment

2.9983

98.3

106.8

94.9

106.7

8.6

12.4

28

Manufacture of machinery and equipment n.e.c.

4.7653

105.9

116.5

102.7

112.4

10.0

9.4

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

110.9

125.8

109.9

119.2

13.4

8.5

30

Manufacture of other transport equipment

1.7763

118.3

131.2

112.7

125.4

10.9

11.3

31

Manufacture of furniture

0.1311

205.8

163.7

204.9

153.8

-20.5

-24.9

32

Other manufacturing

0.9415

79.6

79.2

85.8

83.5

-0.5

-2.7

 

 

 

 

 

 

 

 

 

05

Mining

14.3725

120.4

128.1

118.5

125.4

6.4

5.8

10-32

Manufacturing

77.6332

134.6

142.3

133.1

140.4

5.7

5.5

35

Electricity

7.9943

199.9

201.6

197.2

197.0

0.9

-0.1

 

 

 

 

 

 

 

 

 

 

General Index

100.00

137.8

145.0

136.2

142.8

5.2

4.8

* Figures for May’23 are Quick Estimates.

             

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

                   

 

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION – USE-BASED

(Base :2011-12=100)

 

Primary goods

Capital goods

Intermediate goods

Infrastructure/ Construction goods

Consumer durables

Consumer non-durables

Month

(34.048612)

(8.223043)

(17.221487)

(12.338363)

(12.839296)

(15.329199)

 

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

Apr

139.5

142.1

88.5

92.6

149.5

150.1

149.7

172.2

110.7

107.9

138.9

153.9

May*

144.7

149.8

94.9

102.7

151.7

154.1

153.3

174.7

113.9

115.2

137.5

148.0

Jun

139.3

 

104.4

 

146.6

 

150.8

 

125.3

 

145.9

 

Jul

131.7

 

97.1

 

149.0

 

151.3

 

121.4

 

141.7

 

Aug

129.4

 

95.0

 

146.6

 

152.8

 

116.2

 

134.9

 

Sep

128.5

 

103.9

 

145.3

 

156.9

 

123.8

 

138.9

 

Oct

131.2

 

87.2

 

143.8

 

156.2

 

106.1

 

130.3

 

Nov

132.6

 

99.1

 

146.3

 

161.7

 

111.9

 

162.7

 

Dec

145.0

 

100.1

 

154.1

 

170.9

 

108.8

 

174.4

 

Jan

149.9

 

104.9

 

155.6

 

176.9

 

108.8

 

164.4

 

Feb

139.9

 

104.9

 

145.1

 

165.7

 

108.3

 

154.8

 

Mar

158.3

 

122.0

 

159.3

 

181.3

 

118.5

 

146.2

 

Average

                       
                         

Apr-May

142.1

146.0

91.7

97.7

150.6

152.1

151.5

173.5

112.3

111.6

138.2

151.0

                         

Growth over the corresponding period of previous year#

           
                         

May*

17.8

3.5

53.3

8.2

17.5

1.6

18.4

14.0

59.1

1.1

1.4

7.6

                         

Apr-May

14.0

2.7

30.1

6.5

12.1

1.0

10.7

14.5

28.3

-0.6

0.3

9.3

 

 

 

 

 

 

 

 

 

 

 

 

 

* Figures for May’23 are Quick Estimates.

NOTE: Indices for the months of Feb’23 and Apr’23 incorporate updated production data.

         

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

STATEMENT IV:  MONTHLY INDEX OF INDUSTRIAL PRODUCTION – (2-DIGIT LEVEL)

(Base: 2011-12=100)

Ind

Description

Weight

Jun-22

Jul-22

Aug-22

Sep-22

Oct-22

Nov-22

Dec-22

Jan-23

Feb-23

Mar-23

Apr-23

May-23

code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10

Manufacture of food products

5.3025

117.0

113.2

118.1

115.6

115.3

147.0

155.5

158.0

146.8

144.2

136.1

121.3

11

Manufacture of beverages

1.0354

119.5

102.0

91.8

95.3

89.9

92.9

98.1

104.3

104.4

120.3

106.7

119.2

12

Manufacture of tobacco products

0.7985

113.0

72.2

75.8

94.6

81.7

93.3

90.6

92.4

77.9

96.4

67.2

83.6

13

Manufacture of textiles

3.2913

107.8

107.2

105.2

103.9

102.3

107.7

110.7

107.9

102.0

110.2

106.8

107.4

14

Manufacture of wearing apparel

1.3225

156.9

134.4

117.8

125.2

103.7

117.0

125.6

120.1

129.1

133.3

91.7

112.7

15

Manufacture of leather and related products

0.5021

95.9

99.2

89.5

92.3

76.9

94.3

98.4

99.4

94.9

105.7

97.8

100.8

16

Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

0.1930

112.0

111.2

101.5

103.6

94.9

103.9

111.4

93.2

95.1

106.8

89.6

98.7

17

Manufacture of paper and paper products

0.8724

82.6

84.9

82.7

81.6

79.5

77.7

84.5

84.3

75.1

83.1

80.6

78.9

18

Printing and reproduction of recorded media

0.6798

99.7

96.6

88.2

90.9

84.2

90.0

100.0

88.5

84.3

92.2

90.0

85.4

19

Manufacture of coke and refined petroleum products

11.7749

129.3

126.4

119.5

119.2

122.7

116.6

132.3

137.6

126.0

141.1

128.8

137.8

20

Manufacture of chemicals and chemical products

7.8730

133.5

137.2

131.9

131.2

122.1

124.6

129.5

130.2

122.8

129.8

126.2

132.8

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

216.5

217.9

192.7

205.0

188.1

250.5

276.3

243.9

229.3

194.7

237.4

227.3

22

Manufacture of rubber and plastics products

2.4222

105.1

106.2

103.8

105.0

101.3

103.3

105.4

105.3

98.8

109.6

105.3

111.7

23

Manufacture of other non-metallic mineral products

4.0853

142.6

126.9

123.9

126.8

124.5

131.7

142.8

143.2

136.8

151.6

146.3

148.1

24

Manufacture of basic metals

12.8043

175.2

182.6

185.9

185.7

192.2

192.7

201.9

210.8

195.4

214.0

201.5

204.1

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

91.1

86.6

80.5

87.9

77.8

86.3

92.3

81.4

83.7

95.3

76.7

86.9

26

Manufacture of computer, electronic and optical products

1.5704

180.6

142.2

144.1

163.8

132.8

127.0

117.7

130.7

123.8

134.1

111.4

115.5

27

Manufacture of electrical equipment

2.9983

93.5

99.4

92.0

100.0

84.1

107.5

109.1

105.4

101.6

107.7

106.6

106.8

28

Manufacture of machinery and equipment n.e.c.

4.7653

115.5

113.6

112.0

121.0

98.2

110.5

115.5

113.0

115.5

140.0

108.2

116.5

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

115.2

119.2

114.7

117.7

108.8

113.9

107.4

118.2

116.8

122.5

112.5

125.8

30

Manufacture of other transport equipment

1.7763

140.8

126.7

134.8

155.0

127.5

131.6

106.0

119.3

117.2

139.2

119.5

131.2

31

Manufacture of furniture

0.1311

208.2

213.1

238.8

226.9

189.2

207.6

198.4

173.0

173.3

211.7

143.9

163.7

32

Other manufacturing

0.9415

95.7

90.5

99.3

111.2

79.4

77.5

93.5

82.1

81.6

108.4

87.8

79.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5

Mining

14.3725

113.7

101.1

99.6

100.0

112.6

122.7

132.6

136.1

129.2

154.2

122.6

128.1

10-32

Manufacturing

77.6332

136.8

135.0

131.3

134.6

128.5

137.5

144.9

145.5

137.6

147.1

138.5

142.3

35

Electricity

7.9943

196.9

188.9

191.3

187.4

169.3

166.7

179.4

186.6

174.0

188.0

192.3

201.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General Index

100.0

138.3

134.4

131.5

133.8

129.5

137.7

145.9

147.4

139.3

151.4

140.5

145.0

Note: The figures for Mar’23, Apr’23 and May’23 are provisional

                       

The Indices are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

****

BY



Source PIB