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PoliticsIndiaIndex of 8 core industries mixed bag of boom and slump

Index of 8 core industries mixed bag of boom and slump

New Delhi: The summary of the indices of 8 core industries (base 2004-05) has thrown up a mixed result of increase and decrease in productions.

Coal in the country increased by 6.1% in December 2015 over December 2014. Its cumulative index from April to December 2015-16 increased by 4.6% over corresponding period of previous year.

Crude oil production decreased by 4.1% in December 2015 over December 2014. Its cumulative index during April to December 2015-16 decreased by 0.8% over the corresponding period of previous year.

The natural gas production declined by 6.1 % in December 2015. Its cumulative index from April to December 2015-16 declined by 2.7% over the corresponding period of the previous year.

Petroleum refinery production increased by 2.1 % in December 2015. Its cumulative index from April to December 2015-16 increased by 2.4% over the corresponding period of the previous year.

Fertilizer production increased by 13.1 % in December 2015. Its cumulative index from April to December 2015-16 increased by 10.1% over the corresponding period of the previous year.

Steel production declined by 4.4% in December 2015. Its cumulative index from April to December 2015-16 declined by 1.9% over the corresponding period of the previous year.

Cement production (weight: 2.41%) increased by 3.2 % in December 2015. Its cumulative index from April to December 2015-16 increased by 2.2% over the corresponding period of the previous year.

generation increased by 2.7% in December 2015. Its cumulative index from April to December 2015-16 increased by 4.0 % over the corresponding period of the previous year.

The 8 core industries comprise nearly 38% of the weight of items included in the Index of Industrial Production (IIP). The combined index stood at 175.7 in December 2015, which was 0.9% higher compared to the index of December 2014. Its cumulative from April to December 2015-16 was 1.9 %.

The data are provisional, based on revised data received for the corresponding month of the previous year in respect of coal, crude oil, natural gas, refinery product, steel, cement and electricity. Accordingly, indices for the month December 2014 have been revised.

The index for January 2016 will be released on Monday, 29 February.

Annexure

Performance of 8 core industries

Yearly index & rate

Base Year: 2004-05=100

INDEX

Sector Weight 2010-11  2011-12 2012-13 2013-14 2014-15 Apr-Dec 2014-15 Apr-Dec 2015-16
Coal 4.379 139.7 141.5 148.1 150.0 162.7 151.2 158.2
Crude Oil 5.216 111.0 112.1 111.4 111.2 110.2 110.5 109.6
Natural Gas 1.708 164.4 149.7 128.1 111.5 105.9 106.6 103.7
Refinery Products 5.939 129.7 133.7 172.5 175.0 175.7 174.8 179.1
Fertilizers 1.254 103.4 103.8 100.2 101.8 101.7 101.6 111.9
Steel 6.684 157.7 174.0 181.1 201.9 210.9 210.9 207.0
Cement 2.406 164.2 175.2 188.7 194.5 205.3 202.6 207.1
10.316 138.1 149.3 155.3 164.6 178.3 180.4 187.6
Overall Index 37.903 138.4 145.3 154.7 161.2 168.4 167.4 170.5

GROWTH RATES (in %)

Sector Weight 2010-11  2011-12 2012-13 2013-14 2014-15 Apr-Dec 2014-15 Apr-Dec 2015-16
Coal 4.379 -0.2 1.3 4.6 1.3 8.5 9.5 4.6
Crude Oil 5.216 11.9 1.0 -0.6 -0.2 -0.9 -0.9 -0.8
Natural Gas 1.708 10.0 -8.9 -14.5 -13.0 -5.0 -4.9 -2.7
Refinery Products 5.939 3.0 3.1 29.0 1.5 0.4 0.2 2.4
Fertilizers 1.254 0.0 0.4 -3.4 1.5 -0.1 -1.4 10.1
Steel 6.684 13.2 10.3 4.1 11.5 4.4 6.9 -1.9
Cement 2.406 4.5 6.7 7.7 3.1 5.6 7.9 2.2
10.316 5.6 8.1 4.0 6.0 8.3 10.0 4.0
Overall Index 37.903 6.6 5.0 6.5 4.2 4.4 5.7 1.9

#Refinery Products’ yearly 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 & Rate

Base Year: 2004-05=100

Index
Sector Coal Crude Oil Natural Gas Refinery Products Fertilizers Steel Cement Overall Index
Weight 4.379 5.216 1.708 5.939 1.254 6.684 2.406 10.316 37.903
Dec-14 186.0 113.4 110.1 186.2 108.5 213.1 211.2 177.6 174.1
Jan-15 185.0 112.6 108.5 185.7 111.6 218.9 217.2 175.7 174.8
Feb-15 185.9 101.5 95.8 166.0 97.5 195.9 205.7 164.8 161.5
Mar-15 220.4 113.9 107.2 182.5 96.9 217.3 217.4 175.9 177.8
Apr-15 156.0 106.6 100.9 161.3 87.3 201.3 213.6 176.0 162.4
May-15 156.5 112.5 107.8 186.0 101.8 231.7 221.3 194.0 178.6
Jun-15 148.1 109.5 102.9 183.9 105.3 221.1 215.0 181.8 171.2
Jul-15 134.7 110.7 99.0 176.2 111.3 206.3 209.7 190.3 168.0
Aug-15 139.0 112.8 107.2 185.1 119.0 197.5 197.2 194.3 169.6
Sep-15 143.2 107.4 103.9 170.3 119.4 197.5 195.8 194.4 166.8
Oct-15 168.4 111.3 105.6 172.5 122.1 209.4 207.4 201.1 175.4
Nov-15 180.3 107.3 102.6 185.9 118.4 194.6 185.9 174.2 166.8
Dec-15 197.4 108.7 103.4 190.2 122.6 203.6 217.9 182.4 175.7
Growth  rates
Sector Coal Crude Oil Natural Gas Refinery Products Fertilizers Steel Cement Overall Index
Weight 4.379 5.216 1.708 5.939 1.254 6.684 2.406 10.316 37.903
Dec-14 7.5 -1.4 -2.9 6.1 -1.6 0.0 3.8 4.8 3.2
Jan-15 1.7 -2.3 -6.6 4.7 7.1 1.6 0.5 2.7 1.8
Feb-15 11.6 -1.9 -8.1 -1.0 -0.4 -4.4 2.7 5.2 1.4
Mar-15 6.0 1.7 -1.5 -1.3 5.2 -4.4 -4.2 1.7 -0.1
Apr-15 7.9 -2.7 -3.6 -2.9 0.0 0.6 -2.4 -1.1 -0.4
May-15 7.8 0.8 -3.1 7.9 1.3 2.6 2.6 5.5 4.4
Jun-15 6.3 -0.7 -5.9 7.5 5.8 4.9 2.6 0.2 3.0
Jul-15 0.3 -0.4 -4.4 2.9 8.6 -2.6 1.3 3.5 1.1
Aug-15 0.4 5.6 3.7 5.8 12.6 -5.9 5.4 5.6 2.6
Sep-15 1.9 -0.1 0.9 0.5 18.1 -2.5 -1.5 10.8 3.2
Oct-15 6.3 -2.1 -1.8 -4.4 16.2 -1.2 11.7 8.8 3.2
Nov-15 3.5 -3.3 -3.9 2.5 13.5 -8.4 -1.8 0.0 -1.3
Dec-15 6.1 -4.1 -6.1 2.1 13.1 -4.4 3.2 2.7 0.9

 

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