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IIP: Sugar output up 65%, razor blades production down 28%

Source : BUSINESS_STANDARD
Last Updated: Wed, Dec 12, 2012 21:30 hrs

Sugar output, which was blamed for the goof-up in factory production data in January, was up 95.5 per cent in October, year-on-year. The output included sugar cubes as well, an official data for October showed on Wednesday.

The jump is surprising as October is the first month of the sugar season and production is usually not high, experts said. Another reason for the surprise is that in 2012-13, sugar production was expected to be less than 26.3 million tonnes in the previous year. Also, delayed rains postponed the harvest cycle, they added.

The industry pegged sugar production this year at 24 million tonnes, and the government projected it at 23 million tonnes.

Incorrect reporting of sugar production for January had resulted in gross overestimation of IIP data. Ultimately, it was revised from 6.8 per cent to 1.1 per cent for the month.

The Directorate of Sugar in the Commerce Ministry had wrongly sent January production as 13.41 million tonnes against 5.81 million tonnes.

While consumer non-durables grew a phenomenal 10.1 per cent in October, razor blades’ production fell 28.1 per cent. Besides, fruit pulp output declined 54.6 per cent in October.

Similarly, consumer durables rose 16.5 per cent during the month, but colour-picture tubes declined 62.7 per cent. Other contractions in October include shipbuildings and repairs (44.1 per cent), and grinding wheels (37.6 per cent).

The October data showed that aluminium conductor output was up 54.9 per cent.

Passenger cars production rose 37.4 per cent. Other items that saw production growth were diesel (24.3 per cent), insulated cable rubber (29 per cent), carbon steel (23.3 per cent), cotton cloth (21.7 per cent), liquefied petroleum gas (21.5 per cent), petrol (24.7 per cent), rice (24.7 per cent), and cashew kernels (26.8 per cent).

Overall, 17 of the 22 groups in the manufacturing sector have shown positive growth in October against 12 in September. Tobacco products, office, accounting and computing machinery, and fabricated metal products showed a decline.

Electrical machinery and apparatus has shown the highest growth of 27.4 per cent, followed by 25.9 per cent in motor vehicles, trailers and semi-trailers and 22.2 per cent in coke, refined petroleum products and nuclear fuel.




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