Index of Eight Core Industries (Base: 2004-05=100) February, 2017



Index of Eight Core Industries (Base: 2004-05=100) February, 2017


1.         The summary of the Index of Eight Core Industries (base: 2004-05) is given at the Annexure.

2.         The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 180.1 in February, 2017, which was 1.0 % higher compared to the index of February, 2016. Its cumulative growth during April to February, 2016-17 was 4.4 %.


Coal
3.         Coal production (weight: 4.38 %) increased by 7.1 % in February, 2017 over February, 2016. Its cumulative index during April to February, 2016-17 increased by 2.8 % over corresponding period of previous year.

Crude Oil
4.         Crude Oil production (weight: 5.22 %) declined by 3.4 % in February, 2017 over February, 2016. Its cumulative index during April to February, 2016-17 declined by 2.8 % over the corresponding period of previous year.

Natural Gas
5.         The Natural Gas production (weight: 1.71 %) declined by 1.7 % in February, 2017 over February, 2016. Its cumulative index during April to February, 2016-17 declined by 1.9 % over the corresponding period of previous year.

Refinery Products (93% of Crude Throughput)
6.         Petroleum Refinery production (weight: 5.94%) declined by 2.3 % in February, 2017 over February, 2016. Its cumulative index during April to February, 2016-17 increased by 5.9 % over the corresponding period of previous year.

Fertilizers
7.         Fertilizer production (weight: 1.25%) declined by 5.3 % in February, 2017 over February, 2016. Its cumulative index during April to February, 2016-17 increased by 2.1 % over the corresponding period of previous year.

Steel (Alloy + Non-Alloy)
8.         Steel production (weight: 6.68%) increased by 8.7 % in February, 2017 over February, 2016. Its cumulative index during April to February, 2016-17 increased by 9.1 % over the corresponding period of previous year.

Cement
9.         Cement production (weight: 2.41%) declined by 15.8 % in February, 2017 over February, 2016. Its cumulative index during April to February, 2016-17 declined by 0.7 % over the corresponding period of previous year.

Electricity
10.       Electricity generation (weight: 10.32%) increased by 1.5 % in February, 2017 over February, 2016. Its cumulative index during April to February, 2016-17 increased by 5.0 % over the corresponding period of previous year.

Note 1: Data are provisional. Revision has been made based on revised data received for corresponding month of previous year in respect of Coal, Crude Oil, Refinery Products, Fertilizer, Steel, Cement and Electricity. Accordingly, indices for the month of February, 2016 have been revised.

Note 2: Since October, 2016, Electricity generation data from Renewable sources is also included.

Note 3: Release of the index for March, 2017 will be on Monday, 1st May, 2017.


Annexure
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2004-05=100


INDEX


Sector
Weight
2015-16
Apr-Feb 2015-16
Apr-Feb 2016-17
Coal
4.379
169.3
164.6
169.2
Crude Oil
5.216
108.7
108.8
105.7
Natural Gas
1.708
101.5
102.0
100.1
Refinery Products
5.939
183.2
181.5
192.3
Fertilizers
1.254
114.4
114.0
116.4
Steel
6.684
210.5
209.6
228.8
Cement
2.406
215.3
212.6
211.1
Electricity
10.316
192.4
192.1
201.7
Overall Index
37.903
174.7
173.5
181.2




GROWTH RATES (in %)
Sector
Weight
2015-16
Apr-Feb 2015-16
Apr-Feb 2016-17
Coal
4.379
4.4
4.7
2.8
Crude Oil
5.216
-1.4
-1.0
-2.8
Natural Gas
1.708
-4.2
-3.6
-1.9
Refinery Products
5.939
4.3
3.7
5.9
Fertilizers
1.254
12.5
11.6
2.1
Steel
6.684
-0.5
-0.8
9.1
Cement
2.406
4.9
4.2
-0.7
Electricity
10.316
7.8
7.5
5.0
Overall Index
37.903
3.7
3.5
4.4
#Refinery Products’ yearly growth rate of 2012-13 is not comparable with other years on account of inclusion of RIL (SEZ) production data since April, 2012.

Performance of Eight Core Industries
Monthly Index & Growth Rate
Base Year: 2004-05=100
Index
Sector
Coal
Crude Oil
Natural Gas
Refinery Products
Fertilizers
Steel
Cement
Electricity
Overall Index
Weight
4.379
5.216
1.708
5.939
1.254
6.684
2.406
10.316
37.903
Feb-16
190.5
102.3
96.9
184.1
115.3
216.0
232.5
192.0
178.2
Mar-16
221.1
108.1
96.0
201.9
119.1
219.7
244.6
196.3
188.0
Apr-16
154.9
104.4
94.0
190.3
94.2
212.3
225.2
203.1
176.4
May-16
164.8
108.7
100.3
188.3
116.9
237.6
227.0
203.9
183.7
Jun-16
164.6
104.8
98.2
190.4
115.6
225.0
237.7
198.6
180.4
Jul-16
140.9
108.7
102.2
200.3
114.1
207.6
212.8
193.2
173.7
Aug-16
126.4
108.3
101.0
191.5
127.1
237.3
203.3
194.6
176.0
Sep-16
135.2
103.0
98.2
186.1
122.0
233.4
206.4
199.8
176.1
Oct-16
166.3
107.7
104.1
198.5
123.8
234.0
221.3
216.4
188.1
Nov-16
192.4
101.6
100.9
188.0
121.8
209.2
187.1
202.7
178.2
Dec-16
204.6
107.9
103.4
202.4
117.2
237.3
200.7
204.8
189.1
Jan-17
207.7
108.6
103.5
199.3
118.8
248.3
205.1
206.6
191.8
Feb-17
204.0
98.8
95.3
179.8
109.2
234.7
195.7
194.9
180.1



Growth Rates (in %)
Sector
Coal
Crude Oil
Natural Gas
Refinery Products
Fertilizers
Steel
Cement
Electricity
Overall Index
Weight
4.379
5.216
1.708
5.939
1.254
6.684
2.406
10.316
37.903
Feb-16
3.3
0.7
1.2
10.9
18.3
6.1
13.5
15.8
9.4
Mar-16
1.7
-5.1
-10.5
10.8
22.9
3.4
11.9
11.3
6.4
Apr-16
-0.9
-2.3
-6.8
17.9
7.8
6.1
4.4
14.7
8.5
May-16
5.5
-3.3
-6.9
1.2
14.8
3.2
2.4
4.6
2.8
Jun-16
12.0
-4.3
-4.5
3.5
9.8
2.4
10.3
8.1
5.2
Jul-16
5.1
-1.8
3.3
13.7
-4.3
-0.5
1.4
1.6
3.0
Aug-16
-9.2
-3.9
-5.7
3.5
5.7
17.0
3.1
0.1
3.2
Sep-16
-5.8
-4.1
-5.5
9.3
2.0
16.3
5.5
2.2
5.0
Oct-16
-1.6
-3.2
-1.4
15.1
0.8
16.9
6.2
2.8
6.6
Nov-16
6.4
-5.4
-1.7
2.0
2.4
5.6
0.5
10.2
4.9
Dec-16
4.4
-0.8
0.0
6.4
-4.7
14.9
-8.7
6.0
5.6
Jan-17
4.8
1.3
11.9
-1.5
-1.6
11.4
-13.3
4.8
3.4
Feb-17
7.1
-3.4
-1.7
-2.3
-5.3
8.7
-15.8
1.5
1.0




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