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Index of Eight Core Industries (Base: 2004-05=100) August, 2016

  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 176.0 in August, 2016, which was 3.2 % higher compared to the index of August, 2015. Its cumulative growth during April to August, 2016-17 was 4.5 %.

Coal

3.         Coal production (weight: 4.38 %) declined by 9.2 % in August, 2016 over August, 2015. Its cumulative index during April to August, 2016-17 increased by 2.6 % over corresponding period of previous year.

Crude Oil

4.         Crude Oil production (weight: 5.22 %) declined by 3.9 % in August, 2016 over August, 2015. Its cumulative index during April to August, 2016-17 declined by 3.1 % over the corresponding period of previous year.

Natural Gas

5.         The Natural Gas production (weight: 1.71 %) declined by 5.7 % in August, 2016 over August, 2015. Its cumulative index during April to August, 2016-17 declined by 4.2 % over the corresponding period of previous year.

 Refinery Products (93% of Crude Throughput)

6.         Petroleum Refinery production (weight: 5.94%) increased by 3.5 % in August, 2016 over August, 2015. Its cumulative index during April to August, 2016-17 increased by 7.6 % over the corresponding period of previous year.

Fertilizers

7.         Fertilizer production (weight: 1.25%) increased by 5.7 % in August, 2016 over August, 2015. Its cumulative index during April to August, 2016-17 increased by 6.4 % over the corresponding period of previous year.

Steel (Alloy + Non-Alloy)

8.         Steel production (weight: 6.68%) increased by 17.0 % in August, 2016 over August, 2015. Its cumulative index during April to August, 2016-17 increased by 5.5 % over the corresponding period of previous year.

Cement

9.         Cement production (weight: 2.41%) increased by 3.1 % in August, 2016 over August, 2015. Its cumulative index during April to August, 2016-17 increased by 4.4 % over the corresponding period of previous year.

Electricity

10.       Electricity generation (weight: 10.32%) increased by 0.1 % in August, 2016 over August, 2015. Its cumulative indexduring April to August, 2016-17 increased by 5.7 % 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, Natural Gas, Refinery Product, Fertilizer, Steel, Cement and Electricity and for July, 2015 in respect of Fertilizer. Accordingly, indices for the month July, 2015 and August, 2015 have been revised.

Note 2: Release of the index for September, 2016 will be on Monday, 31st October, 2016.

Annexure

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2004-05=100

INDEX

Sector Weight 2011-12 2012-13 2013-14 2014-15 2015-16 Apr-Aug 2015-16 Apr-Aug 2016-17
Coal 4.379 141.5 148.1 150.0 162.2 169.6 146.5 150.3
Crude Oil 5.216 112.1 111.4 111.2 110.2 108.7 110.4 107.0
Natural Gas 1.708 149.7 128.1 111.5 106.0 101.5 103.5 99.1
Refinery Products 5.939 133.7 172.5 175.0 175.6 182.3 178.5 192.2
Fertilizers 1.254 103.8 100.2 101.8 101.7 114.0 106.8 113.6
Steel 6.684 174.0 181.1 201.9 211.4 208.8 212.3 224.0
Cement 2.406 175.2 188.7 194.5 205.3 215.0 212.0 221.2
Electricity 10.316 149.3 155.3 164.6 178.5 188.1 188.0 198.7
Overall Index 37.903 145.3 154.7 161.2 168.5 173.1 170.4 178.0

 GROWTH RATES (in %)

Sector Weight 2011-12 2012-13 2013-14 2014-15 2015-16 Apr-Aug 2015-16 Apr-Aug 2016-17
Coal 4.379 1.3 4.6 1.3 8.1 4.5 4.4 2.6
Crude Oil 5.216 1.0 -0.6 -0.2 -0.9 -1.4 0.5 -3.1
Natural Gas 1.708 -8.9 -14.5 -13.0 -4.9 -4.2 -2.7 -4.2
Refinery Products# 5.939 3.1 29.0 1.5 0.3 3.8 4.3 7.6
Fertilizers 1.254 0.4 -3.4 1.5 -0.1 12.0 7.7 6.4
Steel 6.684 10.3 4.1 11.5 4.7 -1.2 0.3 5.5
Cement 2.406 6.7 7.7 3.1 5.6 4.7 2.1 4.4
Electricity 10.316 8.1 4.0 6.0 8.4 5.4 3.2 5.7
Overall Index 37.903 5.0 6.5 4.2 4.5 2.8 2.4 4.5

 

#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
Aug-15 139.2 112.8 107.2 185.1 120.2 202.9 197.2 194.3 170.6
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
Jan-16 200.4 107.3 92.5 194.7 118.5 216.7 236.1 187.3 180.7
Feb-16 191.5 102.3 96.9 179.4 113.4 202.6 232.5 181.2 172.2
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

 

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
Aug-15 0.5 5.6 3.7 5.8 13.8 -3.3 5.4 5.6 3.2
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
Jan-16 9.1 -4.6 -15.3 4.8 6.2 -2.8 9.0 6.0 2.9
Feb-16 3.9 0.8 1.2 8.1 16.3 -0.5 13.5 9.2 5.7
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

 

 

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