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Index of Eight Core Industries for February, 2020

1.       The summary of the Index of Eight Core Industries (base: 2011-12=100) 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 132.9 in February 2020, which increasedby 5.5per centas compared to the index of February,2019. Its cumulative growth during April to February, 2019-20was 1.0per cent.

Coal

3.       Coal production (weight: 10.33per cent)increasedby 10.3 per cent in February 2020 over February,2019. Its cumulative index declinedby 1.2 per centduring April toFebruary, 2019-20over corresponding period of the previous year.

Crude Oil

4.       Crude Oil production (weight: 8.98per cent) declinedby 6.4 per cent inFebruary, 2020 over February,2019. Its cumulative index declined by 6.0 per centduring April toFebruary, 2019-20over the corresponding period of previous year.

Natural Gas

5.       The Natural Gas production (weight: 6.88per cent) declinedby9.6 per cent in February, 2020 over February,2019. Its cumulative index declined by 4.8 per centduring April toFebruary, 2019-20 over the corresponding period of previous year.

Refinery Products

6.       Petroleum Refinery production (weight: 28.04per cent)increasedby7.4 per cent inFebruary, 2020 overFebruary,2019. Its cumulative index increasedby 0.3 per centduring April to February, 2019-20over the corresponding period of previous year.

Fertilizers

7.       Fertilizers production (weight: 2.63 per cent) increased by 2.9 per cent in February, 2020 overFebruary,2019. Its cumulative index increasedby 4.1 per cent during April toFebruary, 2019-20 over the corresponding period of previous year.

Steel

8.       Steel production (weight: 17.92per cent)declinedby 0.4 per cent inFebruary, 2020 over February,2019. Its cumulative index increased by 5.0 per centduring April to February, 2019-20 over the corresponding period of previous year.

Cement

9.       Cement production (weight: 5.37per cent) increasedby8.6per cent inFebruary, 2020overFebruary,2019. Its cumulative index increasedby1.8per centduring April to February, 2019-20over the corresponding period of previous year.

 Electricity. 

10.   Electricity generation (weight: 19.85per cent) increasedby11.0per centin February, 2020over February,2019. Its cumulative indexincreased by1.8per cent duringApril to February, 2019-20over the corresponding period of previous year.

Note 1: Data for December, 2019, January, 2020 andFebruary, 2020are 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: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.

Note5: Release of the index for March, 2020 will be on Thursday, 30th April, 2020.

Annexure

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2011-12=100

Index

Sector Weight 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Apr-Feb 2018-19 Apr-Feb2019-20
Coal 10.3335 104.2 112.6 118.0 121.8 124.9 134.1 127.9 126.4
Crude Oil 8.9833 99.2 98.4 97.0 94.5 93.7 89.8 89.8 84.4
Natural Gas 6.8768 74.5 70.5 67.2 66.5 68.4 69.0 68.8 65.6
Refinery Products 28.0376 108.6 108.8 114.1 119.7 125.2 129.1 128.5 128.9
Fertilizers 2.6276 98.1 99.4 106.4 106.6 106.6 107.0 106.6 110.9
Steel 17.9166 115.8 121.7 120.2 133.1 140.5 147.7 145.6 152.9
Cement 5.3720 111.5 118.1 123.5 122.0 129.7 147.0 144.6 147.3
Electricity 19.8530 110.3 126.6 133.8 141.6 149.2 156.9 156.6 159.3
Overall Index 100.0000 106.5 111.7 115.1 120.5 125.7 131.2 129.8 131.1

 

Growth Rates(in per cent)

Sector Weight 2013-

14

2014-

15

2015-

16

2016-

17

2017-

18

2018-

19

Apr-Feb 2018-19 Apr-Feb 2019-20
Coal 10.3335 1.0 8.0 4.8 3.2 2.6 7.4 7.1 -1.2
Crude Oil 8.9833 -0.2 -0.9 -1.4 -2.5 -0.9 -4.1 -4.0 -6.0
Natural Gas 6.8768 -12.9 -5.3 -4.7 -1.0 2.9 0.8 0.8 -4.8
Refinery Products 28.0376 1.4 0.2 4.9 4.9 4.6 3.1 3.0 0.3
Fertilizers 2.6276 1.5 1.3 7.0 0.2 0.03 0.3 -0.02 4.1
Steel 17.9166 7.3 5.1 -1.3 10.7 5.6 5.1 4.5 5.0
Cement 5.3720 3.7 5.9 4.6 -1.2 6.3 13.3 13.0 1.8
Electricity 19.8530 6.1 14.8 5.7 5.8 5.3 5.2 5.4 1.8
Overall Growth 100.0000 2.6 4.9 3.0 4.8 4.3 4.4 4.2 1.0

 

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-19 153.8 80.8 64.4 120.0 104.8 148.6 149.1 137.7 125.9
Mar-19 201.7 89.9 70.7 135.9 111.5 170.7 173.2 160.1 146.5
Apr-19 122.6 85.6 66.6 124.3 89.0 156.4 152.5 162.8 130.7
May-19 127.3 88.2 68.7 129.6 105.5 161.8 149.3 176.8 137.0
Jun-19 123.5 84.7 66.0 121.4 110.0 159.3 147.9 173.6 132.8
Jul-19 106.4 87.2 68.1 132.9 111.7 151.7 146.5 170.5 132.6
Aug-19 94.8 86.6 67.4 131.0 112.6 150.0 127.7 165.7 128.5
Sep-19 87.3 83.4 64.3 117.5 113.9 141.2 131.3 158.7 120.7
Oct-19 109.6 86.3 66.3 134.2 115.5 149.5 137.0 145.8 127.4
Nov-19 133.6 82.4 64.4 133.0 116.7 154.9 142.4 139.9 129.2
Dec-19 152.8 83.5 65.6 130.5 120.5 158.5 159.2 150.2 134.3
Jan-20 163.1 85.0 65.3 134.4 116.5 150.9 164.1 155.6 136.4
Feb-20 169.6 75.6 58.3 128.9 107.8 147.9 161.9 152.9 132.9

 

Growth Rates (in per cent)

Sector Coal Crude Oil Natural Gas Refinery Products Fertilizers Steel Cement Electricity Overall Growth
Weight 10.3335 8.9833 6.8768 28.0376 2.6276 17.9166 5.3720 19.8530 100.0000
Feb-19 7.4 -6.1 3.8 -0.8 2.5 4.9 8.0 1.2 2.2
Mar-19 9.1 -6.2 1.4 4.3 4.3 11.5 15.7 2.1 5.8
Apr-19 3.2 -6.7 -0.8 4.3 -4.4 13.3 2.3 5.9 5.2
May-19 1.7 -6.9 -0.1 -1.5 -1.0 13.3 2.8 7.4 3.8
Jun-19 2.9 -6.8 -2.1 -9.3 1.5 10.8 -1.9 8.6 1.2
Jul-19 -1.6 -4.4 -0.5 -0.9 1.5 8.1 7.7 5.2 2.6
Aug-19 -8.6 -5.4 -3.9 2.6 2.9 3.8 -5.1 -0.9 -0.2
Sep-19 -20.5 -5.4 -4.9 -6.6 5.4 -1.4 -2.0 -2.6 -5.1
Oct-19 -17.6 -5.1 -5.6 0.4 11.8 -0.5 -7.7 -12.2 -5.5
Nov-19 -3.5 -6.0 -6.4 3.1 13.6 7.0 4.3 -4.9 0.7
Dec-19 6.1 -7.4 -9.2 3.0 10.2 4.3 5.5 -0.1 2.1
Jan-20 6.9 -5.3 -9.0 1.9 -0.1 -1.4 5.1 3.2 1.4
Feb-20 10.3 -6.4 -9.6 7.4 2.9 -0.4 8.6 11.0 5.5

 

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