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Index of Eight Core Industries (Base: 2011-12=100) May, 2017

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Index of Eight Core Industries (Base: 2011-12=100) May, 2017
1.         The summary of the Index of Eight Core Industries (base: 2011-12) is given at the Annexure.
2.         The Eight Core Industries comprise 40.27 % of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 126.4 in May, 2017, which was 3.6 % higher compared to the index of May, 2016. Its cumulative growth during April to May, 2017-18 was 3.2 %.

Coal
3.         Coal production (weight: 10.33%)declined by 3.3% in May, 2017 over May, 2016. Its cumulative index declined by 3.3% during April to May, 2017-18over corresponding period of the previous year.

Crude Oil
4.         Crude Oil production (weight: 8.98 %) increased by 0.7% in May, 2017 over May, 2016. Its cumulative index increased by 0.1 % during April to May, 2017-18over the corresponding period of previous year.

Natural Gas
5.         The Natural Gas production (weight: 6.88 %) increased by 4.5 % in May, 2017 over May, 2016. Its cumulative index increased by 3.3 % during April to May, 2017-18 over the corresponding period of previous year.

Refinery Products
6.         Petroleum Refinery production (weight: 28.04%) increased by 5.4% in May, 2017 over May, 2016. Its cumulative index increased by 2.8 % during April to May, 2017-18over the corresponding period of previous year.
Fertilizers
7.         Fertilizer production (weight: 2.63 %) declined by 6.5% in May, 2017 over May, 2016. Its cumulative index declined by 0.8 % during April to May, 2017-18 over the corresponding period of previous year.
Steel
8.         Steel production (weight: 17.92%)increasedby 3.7% in May, 2017 over May, 2016. Its cumulative index increased by 6.3% during April to May, 2017-18 over the corresponding period of previous year.
Cement
9.         Cement production (weight: 5.37%) increasedby 1.8% in May, 2017over May, 2016. Its cumulative index declined by 0.3 % during April to May, 2017-18over the corresponding period of previous year.
Electricity
10.       Electricity generation (weight: 19.85%) increased by6.4 % in May, 2017over May, 2016. Its cumulative indexincreasedby5.9% duringApril to May, 2017-18over the corresponding period of previous year.
Note 1: Data for March, 2017, April, 2017 and May, 2017 are provisional.
Note 2: Since April, 2014, Electricity generation data from Renewable sources are also included.
Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.
Note 4: Release of the index for June, 2017 will be on Monday, 31st July, 2017.


Annexure
Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2011-12=100


INDEX
Sector
Weight
2012-13
2013-14
2014-15
2015-16
2016-17
Apr-May 2016-17
Apr-May 2017-18
Coal
10.3335
103.2
104.2
112.6
118.0
121.8
111.0
107.4
Crude Oil
8.9833
99.4
99.2
98.4
97.0
94.5
95.1
95.1
Natural Gas
6.8768
85.6
74.5
70.5
67.2
66.5
64.5
66.6
Refinery Products
28.0376
107.2
108.6
108.8
114.1
119.7
117.4
120.7
Fertilizers
2.6276
96.7
98.1
99.4
106.4
106.6
94.1
93.4
Steel
17.9166
107.9
115.8
121.7
120.2
133.1
130.3
138.6
Cement
5.3720
107.5
111.5
118.1
123.5
122.0
129.7
129.4
Electricity
19.8530
104.0
110.3
126.6
133.8
141.6
144.5
153.0
Overall Index
100.0000
103.8
106.5
111.7
115.1
120.5
118.8
122.7




GROWTH RATES (in %)
Sector
Weight
2012-13
2013-14
2014-15
2015-16
2016-17
Apr-May 2016-17
Apr-May 2017-18
Coal
10.3335
3.2
1.0
8.0
4.8
3.2
2.1
-3.3
Crude Oil
8.9833
-0.6
-0.2
-0.9
-1.4
-2.5
-2.8
0.1
Natural Gas
6.8768
-14.4
-12.9
-5.3
-4.7
-1.0
-6.7
3.3
Refinery Products
28.0376
7.2
1.4
0.2
4.9
4.9
10.5
2.8
Fertilizers
2.6276
-3.3
1.5
1.3
7.0
0.2
1.9
-0.8
Steel
17.9166
7.9
7.3
5.1
-1.3
10.7
9.0
6.3
Cement
5.3720
7.5
3.7
5.9
4.6
-1.2
3.5
-0.3
Electricity
19.8530
4.0
6.1
14.8
5.7
5.8
10.2
5.9
Overall Index
100.0000
3.8
2.6
4.9
3.0
4.8
6.9
3.2


Performance of Eight Core Industries

Monthly Index & Growth Rate

Base Year: 2011-12=100
Index
Sector
Coal
Crude Oil
Natural Gas
Refinery Products
Fertilizers
Steel
Cement
Electricity
Overall Index
Weight
10.3335
8.9833
6.8768
28.0376
2.6276
17.9166
5.3720
19.8530
100.0000
May-16
115.4
96.9
66.7
119.0
104.5
137.6
130.4
146.1
122.0
Jun-16
115.4
93.5
65.1
119.6
110.3
130.2
136.5
144.3
120.5
Jul-16
97.9
97.0
67.7
122.6
108.4
120.0
121.1
142.5
117.0
Aug-16
87.8
96.6
66.6
118.7
116.2
136.1
116.5
143.5
117.8
Sep-16
93.4
91.9
64.7
113.5
114.1
133.8
119.7
145.6
116.5
Oct-16
114.9
96.1
69.0
122.9
113.4
135.1
126.9
145.1
122.5
Nov-16
132.5
90.6
66.9
116.5
111.5
120.1
107.3
134.9
116.1
Dec-16
142.0
96.2
68.4
124.9
108.8
137.5
115.0
137.8
124.1
Jan-17
144.1
96.9
68.4
122.0
107.2
142.6
117.6
138.9
124.8
Feb-17
141.4
88.1
63.2
112.1
97.2
134.9
112.2
130.2
116.9
Mar-17
169.8
97.4
69.1
128.9
103.5
146.2
131.8
147.9
132.6
Apr-17
103.1
92.6
63.5
116.0
89.0
134.4
125.9
150.6
118.9
May-17
111.7
97.6
69.7
125.4
97.7
142.7
132.8
155.4
126.4




Growth Rates (in %)
Sector
Coal
Crude Oil
Natural Gas
Refinery Products
Fertilizers
Steel
Cement
Electricity
Overall Index
Weight
10.3335
8.9833
6.8768
28.0376
2.6276
17.9166
5.3720
19.8530
100.0000
May-16
6.0
-3.3
-6.5
3.3
6.2
13.4
2.7
6.2
5.2
Jun-16
12.1
-4.3
-4.0
5.8
5.9
8.8
10.5
9.8
7.0
Jul-16
4.1
-1.8
4.1
8.0
-3.2
0.0
0.7
2.1
3.1
Aug-16
-9.7
-3.9
-5.9
2.5
2.5
16.7
3.1
2.2
3.1
Sep-16
-6.7
-4.1
-5.9
6.9
0.3
16.1
6.7
5.1
5.3
Oct-16
-1.9
-3.2
-1.5
12.6
0.7
17.4
6.2
3.0
7.1
Nov-16
6.1
-5.4
-2.1
-0.7
4.2
5.4
0.5
9.5
3.2
Dec-16
3.6
-0.8
-0.4
5.4
-2.9
15.9
-8.7
6.4
5.6
Jan-17
3.5
1.3
11.6
0.0
-1.2
11.3
-13.3
5.2
3.4
Feb-17
6.6
-3.4
-2.1
-2.8
-4.0
8.7
-15.8
1.2
0.6
Mar-17
10.8
0.9
9.6
2.0
-3.2
11.0
-6.8
6.2
5.3
Apr-17
-3.3
-0.6
2.0
0.2
6.2
9.3
-2.4
5.4
2.8
May-17
-3.3
0.7
4.5
5.4
-6.5
3.7
1.8
6.4
3.6


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