Coal, natural gas and petroleum refinery products sector growth contracts
The Eight Core Industries having a combined weight of 37.90% in the Index of Industrial Production (IIP) increased by 2.1% in December 2013 compared with a growth of 7.5% growth in December 2012 and 1.7% growth in November 2013.Coal production (weight: 4.38 %) declined by 0.6% in December, 2013 over December, 2012. Its cumulative index during April to December, 2013-14 increased by 1.2% over corresponding period of previous year.
Crude Oil production (weight: 5.22%) increased by 1.6% in December, 2013 over December, 2012. The cumulative index of Crude Oil during April to December, 2013-14 moderated by 0.6% over the corresponding period of previous year.
The Natural Gas production (weight: 1.71%) declined by 9.9% in December, 2013 over December, 2012. Its cumulative index during April to December, 2013-14 declined by 15.0% over the corresponding period of previous year.
Petroleum refinery production (weight: 5.94%) moderated by 1.7 % in December, 2013 over December, 2012. However, its cumulative index during April to December, 2013-14 increased by 2.1% over the corresponding period of previous year.
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Fertilizer production (weight: 1.25%) registered a growth of 4.1% in December, 2013 over December, 2012 and it registered a cumulative growth of 2.6% during April to December, 2013-14 over the corresponding period of previous year.
Steel production (weight: 6.68%) recorded a growth rate of 3.1% in December, 2013 over December, 2012. The cumulative growth during April to December, 2013-14 was 4.2% over the corresponding period of previous year.
Cement production (weight: 2.41%) increased by 1.1% in December, 2013 over December, 2012 and its cumulative growth during April to December, 2013-14 was 3.7% over the corresponding period of previous year.
Electricity generation (weight: 10.32%) increased by 6.7% in December, 2013 over the period of December, 2012 and it registered a cumulative growth of 5.2% during April to December, 2013-14 over the corresponding period of previous year.
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