Ministry of Commerce & Industry

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

Posted On: 31 MAR 2017 5:04PM by PIB Delhi
 

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

 2011-12

2012-13

2013-14

2014-15

2015-16

Apr-Feb 2015-16

Apr-Feb 2016-17

Coal

4.379

141.5

148.1

150.0

162.2

169.3

164.6

169.2

Crude Oil

5.216

112.1

111.4

111.2

110.2

108.7

108.8

105.7

Natural Gas

1.708

149.7

128.1

111.5

106.0

101.5

102.0

100.1

Refinery Products

5.939

133.7

172.5

175.0

175.6

183.2

181.5

192.3

Fertilizers

1.254

103.8

100.2

101.8

101.7

114.4

114.0

116.4

Steel

6.684

174.0

181.1

201.9

211.4

210.5

209.6

228.8

Cement

2.406

175.2

188.7

194.5

205.3

215.3

212.6

211.1

Electricity

10.316

149.3

155.3

164.6

178.5

192.4

192.1

201.7

Overall Index

37.903

145.3

154.7

161.2

168.5

174.7

173.5

181.2

 

 

 

 

GROWTH RATES (in %)

Sector

Weight

 2011-12

2012-13

2013-14

2014-15

2015-16

Apr-Feb 2015-16

Apr-Feb 2016-17

Coal

4.379

1.3

4.6

1.3

8.1

4.4

4.7

2.8

Crude Oil

5.216

1.0

-0.6

-0.2

-0.9

-1.4

-1.0

-2.8

Natural Gas

1.708

-8.9

-14.5

-13.0

-4.9

-4.2

-3.6

-1.9

Refinery Products

5.939

3.1

29.0

1.5

0.3

4.3

3.7

5.9

Fertilizers

1.254

0.4

-3.4

1.5

-0.1

12.5

11.6

2.1

Steel

6.684

10.3

4.1

11.5

4.7

-0.5

-0.8

9.1

Cement

2.406

6.7

7.7

3.1

5.6

4.9

4.2

-0.7

Electricity

10.316

8.1

4.0

6.0

8.4

7.8

7.5

5.0

Overall Index

37.903

5.0

6.5

4.2

4.5

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

 

***

MJPS


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