Core Sector growth doubles in May
By TIOL News Service
NEW DELHI, JULY 01, 2015: 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 178.6 in May, 2015, which was 4.4% higher compared to the index of May, 2014. Its cumulative growth during April to May, 2015-16 was 2.1%.
Coal Coal production (weight: 4.38%) increased by 7.8% in May, 2015 over May, 2014. Its cumulative index during April to May, 2015-16 increased by 7.9% over corresponding period of previous year.
Crude Oil
Crude Oil production (weight: 5.22%) increased by 0.8% in May, 2015 over May, 2014. Its cumulative index during April to May, 2015-16 declined by 1.0% over the corresponding period of previous year.
Natural Gas
The Natural Gas production (weight: 1.71%) declined by 3.1% in May, 2015. Its cumulative index during April to May, 2015-16 declined by 3.3% over the corresponding period of previous year.
Refinery Products (93% of Crude Throughout)
Petroleum Refinery production (weight: 5.94%) increased by 7.9% in May, 2015. Its cumulative index during April to May , 2015-16 increased by 2.6% over the corresponding period of previous year.
Fertilizers
Fertilizer production (weight: 1.25%) increased by 1.3% in May, 2015. Its cumulative index during April to May, 2015-16 increased by 0.7% over the corresponding period of previous year.
Steel (Alloy + Non-Alloy)
Steel production (weight: 6.68%) increased by 2.6% in May, 2015. Its cumulative index during April to May, 2015-16 increased by 1.7% over the corresponding period of previous year.
Cement
Cement production (weight: 2.41%) increased by 2.6 % in May, 2015. Its cumulative index during April to May, 2015-16 decreased by 0.1% over the corresponding period of previous year.
Electricity
Electricity generation (weight: 10.32%) increased by 5.5% in May, 2015. Its cumulative index during April to May, 2015-16 increased by 2.2% over the corresponding period of previous year.