Core sector growth improves with Sept. data at five pct

The combined index of eight core industries stands at 176.1 in September, which is 5.0 percent higher as compared to the same month last year.

The cumulative growth during April to September 2016-17 is reported at 4.6 percent.

The eight core industries comprise nearly 38 percent of the weight of items included in the Index of Industrial Production (IIP).

Coal production (weight: 4.38 percent) declined by 5.8 percent in September 2016 year-on-year (YoY). Its cumulative index during April to September 2016-17 increased by 1.2 percent over the corresponding period of previous year.

Crude oil production (weight: 5.22 percent) declined by 4.1 percent in September 2016 (YoY). Its cumulative index during April to September 2016-17 declined by 3.3 percent over the corresponding period of previous year.

 

The natural gas production (weight: 1.71percent) declined by 5.5 percent in September 2016 (YoY). Its cumulative index during April to September 2016-17 declined by 4.4 percent over the corresponding period of previous year.

Petroleum refinery production (weight: 5.94percent) increased by 9.3 percent in September 2016 (YoY). Its cumulative index during April to September 2016-17 increased by 7.9 percent over the corresponding period of previous year.

Fertilizer production (weight: 1.25 percent) increased by 2.0 percent in September 2016 (YoY). Its cumulative index during April to September 2016-17 increased by 5.6 percent over the corresponding period of previous year.

Steel production (weight: 6.68 percent) increased by 16.3 percent in September 2016 (YoY). Its cumulative index during April to September 2016-17 increased by 7.2 percent over the corresponding period of previous year.

Cement production (weight: 2.41 percent) increased by 5.5 percent in September 2016 (YoY). Its cumulative index during April to September 2016-17 increased by 4.5 percent over the corresponding period of previous year.

Electricity generation (weight: 10.32 percent) increased by 2.2 percent in September 2016 (YoY). Its cumulative index during April to September 2016-17 increased by 5.1 percent over the corresponding period of previous year.