Index of Eight Core Industries (Base: 2011-12=100) February, 2019

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 per cent of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stood at 125.8 in February, 2019, which was 2.1per centhigheras compared to the index of February, 2018. Its cumulative growth during April to February, 2018-19was 4.3per cent.

Coal

3.       Coal production (weight: 10.33per cent)increased by 7.3 per cent in February, 2019 over February, 2018. Its cumulative index increased by 7.1 per centduring April to February, 2018-19over corresponding period of the previous year.

Crude Oil

4.       Crude Oil production (weight: 8.98per cent) declinedby 6.1 per cent in February, 2019 over February, 2018. Its cumulative index declined by 4.0 per centduring April to February, 2018-19over the corresponding period of previous year.

Natural Gas

5.       The Natural Gas production (weight: 6.88per cent) increased by 3.8per cent in February, 2019 over February, 2018. Its cumulative index increased by 0.8 per centduring April to February, 2018-19 over the corresponding period of previous year.

 

Refinery Products

6.       Petroleum Refinery production (weight: 28.04per cent) declined by 0.8 per cent in February, 2019 over February, 2018. Its cumulative index increased by 3.0 per centduring April to February, 2018-19over the corresponding period of previous year.

Fertilizers

7.       Fertilizers production (weight: 2.63 per cent) increased by 2.5 per cent in February, 2019 over February, 2018. Its cumulative index declined by 0.02 percent during April to February, 2018-19 over the corresponding period of previous year.

Steel

8.       Steel production (weight: 17.92per cent)increasedby 4.9 per cent in February, 2019 over February, 2018. Its cumulative index increased by 4.7per centduring April to February, 2018-19 over the corresponding period of previous year.

Cement

9.       Cement production (weight: 5.37per cent) increasedby 8.0per cent in February, 2019over February, 2018. Its cumulative index increased by 13.0per centduring April to February, 2018-19over the corresponding period of previous year.

Electricity

10.     Electricity generation (weight: 19.85per cent) increased by0.7per centin February, 2019over February, 2018. Its cumulative indexincreased by5.4per cent duringApril to February, 2018-19over the corresponding period of previous year.

Note 1: Data for December, 2018, January, 2019and February, 2019are 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 March, 2019 will be on Tuesday,30thApril, 2019.

 

 

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

2017-18

Apr-Feb 2017-18

Apr-Feb 2018-19

Coal

10.3335

103.2

104.2

112.6

118.0

121.8

124.9

119.4

127.9

Crude Oil

8.9833

99.4

99.2

98.4

97.0

94.5

93.7

93.5

89.8

Natural Gas

6.8768

85.6

74.5

70.5

67.2

66.5

68.4

68.3

68.8

Refinery Products

28.0376

107.2

108.6

108.8

114.1

119.7

125.2

124.7

128.5

Fertilizers

2.6276

96.7

98.1

99.4

106.4

106.6

106.6

106.6

106.6

Steel

17.9166

107.9

115.8

121.7

120.2

133.1

140.5

139.4

145.9

Cement

5.3720

107.5

111.5

118.1

123.5

122.0

129.7

127.9

144.6

Electricity

19.8530

104.0

110.3

126.6

133.8

141.6

149.2

148.5

156.5

Overall Index

100.0000

103.8

106.5

111.7

115.1

120.5

125.7

124.5

129.8

 

 

Growth Rates(in per cent)

Sector

Weight

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

Apr-Feb 2017-18

Apr-Feb 2018-19

Coal

10.3335

3.2

1.0

8.0

4.8

3.2

2.6

1.7

7.1

Crude Oil

8.9833

-0.6

-0.2

-0.9

-1.4

-2.5

-0.9

-0.8

-4.0

Natural Gas

6.8768

-14.4

-12.9

-5.3

-4.7

-1.0

2.9

3.0

0.8

Refinery Products

28.0376

7.2

1.4

0.2

4.9

4.9

4.6

4.9

3.0

Fertilizers

2.6276

-3.3

1.5

1.3

7.0

0.2

0.03

-0.2

-0.02

Steel

17.9166

7.9

7.3

5.1

-1.3

10.7

5.6

5.7

4.7

Cement

5.3720

7.5

3.7

5.9

4.6

-1.2

6.3

5.6

13.0

Electricity

19.8530

4.0

6.1

14.8

5.7

5.8

5.3

5.3

5.4

Overall Index

100.0000

3.8

2.6

4.9

3.0

4.8

4.3

4.3

4.3

 

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

Feb-18

143.2

86.1

62.1

120.9

102.2

141.7

138.0

136.1

123.2

Mar-18

184.9

95.8

69.8

130.3

107.0

153.2

149.6

156.7

138.5

Apr-18

118.8

91.8

67.1

119.1

93.1

138.1

149.1

153.7

124.3

May-18

125.2

94.8

68.7

131.6

106.6

142.8

145.3

164.7

131.9

Jun-18

120.0

90.9

67.4

133.8

108.3

143.8

150.7

159.9

131.2

Jul-18

108.1

91.2

68.5

134.1

110.0

140.3

136.0

162.1

129.2

Aug-18

103.8

91.6

70.2

127.7

109.4

144.5

134.5

167.2

128.8

Sep-18

109.8

88.1

67.6

125.8

108.0

143.2

133.9

162.9

127.2

Oct-18

132.9

90.9

70.3

133.8

103.3

150.2

148.4

166.0

134.8

Nov-18

138.4

87.6

68.9

128.9

102.7

144.8

136.5

147.2

128.3

Dec-18

144.1

90.2

72.2

126.6

109.4

155.8

151.0

150.3

132.2

Jan-19

152.1

89.7

71.8

131.9

116.6

153.0

156.1

150.7

134.5

Feb-19

153.6

80.8

64.4

120.0

104.8

148.6

149.1

137.1

125.8

 

 

Growth Rates (in per cent)

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

Feb-18

1.3

-2.4

-1.8

7.8

5.2

5.0

23.0

4.6

5.4

Mar-18

9.1

-1.6

1.0

1.1

3.2

4.7

13.5

6.0

4.5

Apr-18

15.2

-0.8

5.7

2.7

4.6

3.0

21.9

2.1

4.7

May-18

12.0

-2.9

-1.4

4.9

8.4

-0.1

13.0

4.1

4.1

Jun-18

11.5

-3.4

-2.7

12.1

1.0

4.2

14.2

8.4

7.8

Jul-18

9.8

-5.4

-5.2

12.3

1.3

6.9

11.2

6.7

7.3

Aug-18

2.4

-3.7

1.0

5.1

-5.3

4.0

14.6

7.6

4.7

Sep-18

6.4

-4.2

-1.7

2.5

2.5

3.2

11.8

8.2

4.3

Oct-18

11.3

-5.0

-0.9

1.3

-11.5

2.4

18.4

10.9

4.8

Nov-18

3.7

-3.5

0.5

2.3

-8.1

5.3

8.8

5.1

3.3

Dec-18

1.1

-4.3

4.2

-4.8

-2.4

12.9

11.6

4.4

2.7

Jan-19

1.7

-4.3

6.2

-2.6

10.5

5.5

11.0

0.8

1.5

Feb-19

7.3

-6.1

3.8

-0.8

2.5

4.9

8.0

0.7

2.1

 

***

MM/SB

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