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Industrial Production picks up momentum in June month

By TIOL News Service

NEW DELHI, AUG 12, 2020: THE Govt has stated that with the lifting of lockdowns, industrial activity has resumed. The Index for the month of June 2020 stands at 107.8 as compared to 53.6 and 89.5 for April 2020 and May 2020.

For the month of June 2020, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 107.8. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2020 stand at 85.4, 106.9 and 156.2 respectively (Statement I).The Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

As per Use-based classification, the indices stand at 109.2 for Primary Goods, 64.3 for Capital Goods, 102.2 for Intermediate Goods and 110.7 for Infrastructure/ Construction Goods (Statement III) for the month of June 2020.  Further, the indices for Consumer durables and Consumer non-durables stand at 77.4 and 157.3 respectively for the month of June 2020.

Statements giving Quick Estimates of the Index of Industrial Production for the month of June 2020 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and byUse-based classification are given at Statements I, II and III respectively. As mentioned in the earlier Press Releases since April, 2020, itmay not be appropriate to compare the IIP in the post pandemic months with the IIPfor months preceding the COVID 2019 pandemic. An additional Statement IV giving month-wise indices since April 2020 by industry groups (as per 2-digit level of National Industrial Classification-2008)is also given for users to appreciate the changes in the manufacturing sector.

Along with the Quick Estimates of IIP for the month of June 2020, the indices for May 2020 have undergone the first revision and those for March 2020 have undergone the final revision in the light of the updated data received from the source agencies. The Quick Estimates for June 2020 have been compiled at a weighted response rate of 88 percent, the first revision for May 2020 at a weighted response rate of 91 percent and the final revision for March, 2020 at a weighted response rate of 90 percent.


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