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Industrial Production leaps close to 20% in May month

By TIOL News Service

NEW DELHI, JULY 12, 2022: FOR the month of May 2022, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 137.7 The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of May 2022 stand at 120.1, 134.5 and 199.9 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 144.5 for Primary Goods, 95.3 for Capital Goods, 152.2 for Intermediate Goods and 153.1 for Infrastructure/ Construction Goods for the month of May 2022.  Further, the indices for Consumer durables and Consumer non-durables stand at 113.5 and 136.8 respectively for the month May 2022.

Details of Quick Estimates of the Index of Industrial Production for the month of May 2022 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 2022, the indices for April 2022 have undergone the first revision and those for February 2022 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for May 2022, the first revision for April 2022 and the final revision for February 2022 have been compiled at weighted response rates of 90 percent, 92 percent and 94 percent respectively.


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