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Index of eight core industries 2.1% higher in Feb 2019

By Niranjan Mudholkar,

Added 04 April 2019

Cumulative growth during April to February 2018-19 was 4.3 percent.

The Eight Core Industries comprise 40.27 percent 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 2.1 percent higher as compared to the index of February 2018. Its cumulative growth during April to February 2018-19 was 4.3 percent.

The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

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

Crude Oil production (weight: 8.98 percent) declined by 6.1 percent in February 2019 over February 2018. Its cumulative index declined by 4.0 percent during April to February 2018-19over the corresponding period of previous year.

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

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

Fertilizers production (weight: 2.63 percent) increased by 2.5 percent 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 production (weight: 17.92percent) increased by 4.9 percent in February 2019 over February 2018. Its cumulative index increased by 4.7percentduring April to February 2018-19 over the corresponding period of previous year.

Cement production (weight: 5.37percent) increased by 8.0percent in February 2019 over February 2018. Its cumulative index increased by 13.0percentduring April to February 2018-19over the corresponding period of previous year.

Electricity generation (weight: 19.85percent) increased by0.7percentin February 2019 over February 2018. Its cumulative index increased by 5.4percent during April to February 2018-19over the corresponding period of previous year.

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

END

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