Index of Eight Core Industries (Base: 2011-12=100) May, 2018

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 stands at 131.4 in May, 2018, which was 3.6 per cent higher as compared to the index of May, 2017. Its cumulative growth during April to May, 2018-19 was 4.1 per cent.

Coal

3.       Coal production (weight: 10.33 per cent) increased by 12.1 per cent in May, 2018 over May, 2017. Its cumulative index increased by 14.0 per cent during April to May, 2018-19 over corresponding period of the previous year.

Crude Oil

4.       Crude Oil production (weight: 8.98 per cent) declined by 2.9 per cent in May, 2018 over May, 2017. Its cumulative index declined by 1.9 per cent during April to May, 2018-19 over the corresponding period of previous year.

Natural Gas

5.       The Natural Gas production (weight: 6.88 per cent) declined by 1.4 per cent in May, 2018 over May, 2017. Its cumulative index increased by 2.0 per cent during April to May, 2018-19 over the corresponding period of previous year.

Refinery Products

6.       Petroleum Refinery production (weight: 28.04 per cent) increased by 4.9 per cent in May, 2018 over May, 2017. Its cumulative index increased by 3.9 per cent during April to May, 2018-19 over the corresponding period of previous year.

Fertilizers

7.       Fertilizers production (weight: 2.63 per cent) increased by 8.4 per cent in May, 2018 over May, 2017. Its cumulative index increased by 6.6 per cent during April to May, 2018-19 over the corresponding period of previous year.

Steel

8.       Steel production (weight: 17.92 per cent) increased by 0.5 per cent in May, 2018 over May, 2017. Its cumulative index increased by 2.1 per cent during April to May, 2018-19 over the corresponding period of previous year.

Cement

9.       Cement production (weight: 5.37 per cent) increased by 5.2 per cent in May, 2018 over May, 2017. Its cumulative index increased by 10.7 per cent during April to May, 2018-19 over the corresponding period of previous year.

Electricity

10.     Electricity generation (weight: 19.85 per cent) increased by 3.5 per cent in May, 2018 over May, 2017. Its cumulative index increased by 2.8 per cent during April to May, 2018-19 over the corresponding period of previous year.

Note 1: Data for March, 2018, April, 2018 and May, 2018 are 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 June, 2018 will be on Tuesday, 31st July, 2018.

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-May 2017-18 Apr-May 2018-19
Coal 10.3335 103.2 104.2 112.6 118.0 121.8 124.9 107.4 122.4
Crude Oil 8.9833 99.4 99.2 98.4 97.0 94.5 93.7 95.1 93.3
Natural Gas 6.8768 85.6 74.5 70.5 67.2 66.5 68.4 66.6 67.9
Refinery Products 28.0376 107.2 108.6 108.8 114.1 119.7 125.2 120.7 125.4
Fertilizers 2.6276 96.7 98.1 99.4 106.4 106.6 106.6 93.7 99.9
Steel 17.9166 107.9 115.8 121.7 120.2 133.1 140.5 138.5 141.4
Cement 5.3720 107.5 111.5 118.1 123.5 122.0 129.7 125.4 138.9
Electricity 19.8530 104.0 110.3 126.6 133.8 141.6 149.2 154.4 158.7
Overall Index 100.0000 103.8 106.5 111.7 115.1 120.5 125.7 122.7 127.8

 

Growth Rates (in per cent)

Sector Weight 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Apr-May 2017-18 Apr-May 2018-19
Coal 10.3335 3.2 1.0 8.0 4.8 3.2 2.6 -3.2 14.0
Crude Oil 8.9833 -0.6 -0.2 -0.9 -1.4 -2.5 -0.9 0.1 -1.9
Natural Gas 6.8768 -14.4 -12.9 -5.3 -4.7 -1.0 2.9 3.3 2.0
Refinery Products 28.0376 7.2 1.4 0.2 4.9 4.9 4.6 2.8 3.9
Fertilizers 2.6276 -3.3 1.5 1.3 7.0 0.2 0.03 -0.5 6.6
Steel 17.9166 7.9 7.3 5.1 -1.3 10.7 5.6 6.3 2.1
Cement 5.3720 7.5 3.7 5.9 4.6 -1.2 6.3 -3.3 10.7
Electricity 19.8530 4.0 6.1 14.8 5.7 5.8 5.3 6.8 2.8
Overall Index 100.0000 3.8 2.6 4.9 3.0 4.8 4.3 3.3 4.1

 

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
May-17 111.8 97.6 69.7 125.4 98.3 142.9 128.6 158.1 126.8
Jun-17 107.6 94.1 69.3 119.4 107.3 138.0 132.0 147.4 121.7
Jul-17 98.5 96.4 72.2 119.4 108.6 131.3 122.4 151.9 120.4
Aug-17 101.3 95.1 69.5 121.6 115.4 139.0 117.3 155.4 123.0
Sep-17 103.1 92.0 68.8 122.7 105.3 138.7 119.8 150.5 122.0
Oct-17 119.4 95.7 71.0 132.1 116.8 146.7 125.2 149.8 128.7
Nov-17 133.5 90.8 68.5 126.0 111.8 137.5 125.4 140.1 124.1
Dec-17 142.6 94.2 69.2 133.1 112.1 138.0 135.3 143.9 128.8
Jan-18 149.5 93.8 67.6 135.4 105.5 145.0 140.6 149.5 132.5
Feb-18 143.2 86.1 62.1 120.9 102.2 141.7 138.0 136.1 123.2
Mar-18 185.0 95.8 69.8 130.3 107.0 153.2 148.9 156.7 138.4
Apr-18 119.6 91.8 67.1 119.1 93.1 139.2 142.4 153.7 124.2
May-18 125.3 94.8 68.7 131.6 106.6 143.7 135.3 163.7 131.4

 

 

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
May-17 -3.2 0.7 4.5 5.4 -5.9 3.8 -1.4 8.2 3.9
Jun-17 -6.7 0.6 6.4 -0.2 -2.7 6.0 -3.3 2.2 1.0
Jul-17 0.6 -0.5 6.6 -2.7 0.2 9.4 1.0 6.6 2.9
Aug-17 15.4 -1.6 4.2 2.4 -0.6 2.2 0.7 8.3 4.4
Sep-17 10.4 0.1 6.3 8.1 -7.7 3.7 0.1 3.4 4.7
Oct-17 3.9 -0.4 2.8 7.5 3.0 8.6 -1.3 3.2 5.0
Nov-17 0.7 0.2 2.4 8.2 0.3 14.5 16.9 3.9 6.9
Dec-17 0.4 -2.1 1.1 6.6 3.0 0.4 17.7 4.4 3.8
Jan-18 3.8 -3.2 -1.2 11.0 -1.6 1.7 19.6 7.7 6.2
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 0.9 1.1 3.2 4.7 13.0 6.0 4.4
Apr-18 16.0 -0.8 5.8 2.7 4.6 3.8 16.5 2.1 4.6
May-18 12.1 -2.9 -1.4 4.9 8.4 0.5 5.2 3.5 3.6

 

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