Index of Eight Core Industries (Base: 2011-12=100) August, 2019

The summary of the Index of Eight Core Industries (base: 2011-12) is given at the Annexure.

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 128.2 in August, 2019, which declined by 0.5 per cent as compared to the index of August, 2018. Its cumulative growth during April to August, 2019-20 was 2.4 per cent.

Coal

          Coal production (weight: 10.33 per cent) declined by 8.6 per cent in August, 2019 over August, 2018. Its cumulative index declined by 0.2 per cent during April to August, 2019-20 over corresponding period of the previous year.

Crude Oil

          Crude Oil production (weight: 8.98 per cent) declined by 5.4 per cent in August, 2019 over August, 2018. Its cumulative index declined by 6.1 per cent during April to August, 2019-20 over the corresponding period of previous year.

Natural Gas

          The Natural Gas production (weight: 6.88 per cent) declined by 3.9 per cent in August, 2019 over August, 2018. Its cumulative index declined by 1.5 per cent during April to August, 2019-20 over the corresponding period of previous year.

 

Refinery Products

          Petroleum Refinery production (weight: 28.04 per cent) increased by 2.6 per cent in August, 2019 over August, 2018. Its cumulative index declined by 1.1 per cent during April to August, 2019-20 over the corresponding period of previous year.

Fertilizers

          Fertilizers production (weight: 2.63 per cent) increased by 2.9 per cent in August, 2019 over August, 2018. Its cumulative index increased by 0.3 per cent during April to August, 2019-20 over the corresponding period of previous year.

Steel

          Steel production (weight: 17.92 per cent) increased by 5.0 per cent in August, 2019 over August, 2018. Its cumulative index increased by 9.7 per cent during April to August, 2019-20 over the corresponding period of previous year.

Cement

          Cement production (weight: 5.37 per cent) declined by 4.9 per cent in August, 2019 over August, 2018. Its cumulative index increased by 1.3 per cent during April to August, 2019-20 over the corresponding period of previous year.

Electricity

          Electricity generation (weight: 19.85 per cent) declined by 2.9 per cent in August, 2019 over August, 2018. Its cumulative index increased by 4.6 per cent during April to August, 2019-20 over the corresponding period of previous year.

Note 1: Data for June, 2019, July, 2019 and August, 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: 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.

Note 5: Release of the index for September, 2019 will be on Thursday, 31^st October, 2019.

   

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-Aug 2018-19	Apr-Aug 2019-20
Coal	10.3335	104.2	112.6	118.0	121.8	124.9	134.1	115.2	115.0
Crude Oil	8.9833	99.2	98.4	97.0	94.5	93.7	89.8	92.1	86.5
Natural Gas	6.8768	74.5	70.5	67.2	66.5	68.4	69.0	68.4	67.4
Refinery Products	28.0376	108.6	108.8	114.1	119.7	125.2	129.1	129.3	127.8
Fertilizers	2.6276	98.1	99.4	106.4	106.6	106.6	107.0	105.5	105.7
Steel	17.9166	115.8	121.7	120.2	133.1	140.5	147.7	141.9	155.7
Cement	5.3720	111.5	118.1	123.5	122.0	129.7	147.0	143.1	144.9
Electricity	19.8530	110.3	126.6	133.8	141.6	149.2	156.9	161.5	168.9
Overall Index	100.0000	106.5	111.7	115.1	120.5	125.7	131.2	129.1	132.1

 

 

Growth Rates (in per cent)

Sector	Weight	2013-14	2014-15	2015-16	2016-17	2017-18	2018-19	Apr-Aug 2018-19	Apr-Aug 2019-20
Coal	10.3335	1.0	8.0	4.8	3.2	2.6	7.4	10.3	-0.2
Crude Oil	8.9833	-0.2	-0.9	-1.4	-2.5	-0.9	-4.1	-3.3	-6.1
Natural Gas	6.8768	-12.9	-5.3	-4.7	-1.0	2.9	0.8	-0.7	-1.5
Refinery Products	28.0376	1.4	0.2	4.9	4.9	4.6	3.1	7.4	-1.1
Fertilizers	2.6276	1.5	1.3	7.0	0.2	0.03	0.3	1.7	0.3
Steel	17.9166	7.3	5.1	-1.3	10.7	5.6	5.1	3.5	9.7
Cement	5.3720	3.7	5.9	4.6	-1.2	6.3	13.3	15.0	1.3
Electricity	19.8530	6.1	14.8	5.7	5.8	5.3	5.2	5.8	4.6
Overall Index	100.0000	2.6	4.9	3.0	4.8	4.3	4.4	5.7	2.4

 

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
Aug-18	103.8	91.6	70.2	127.7	109.4	144.5	134.5	167.2	128.8
Sep-18	109.8	88.1	67.6	125.8	108.0	143.2	133.9	162.9	127.2
Oct-18	132.9	90.9	70.3	133.8	103.3	150.2	148.4	166.0	134.8
Nov-18	138.4	87.6	68.9	128.9	102.7	144.8	136.5	147.2	128.3
Dec-18	144.1	90.2	72.2	126.6	109.4	152.0	151.0	150.3	131.5
Jan-19	152.5	89.7	71.8	131.9	116.6	153.0	156.1	150.7	134.5
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	123.8	84.7	66.0	121.4	110.0	155.8	148.2	172.9	132.1
Jul-19	106.4	87.2	68.1	132.9	111.7	152.8	146.8	169.7	132.7
Aug-19	94.8	86.6	67.4	131.0	112.6	151.8	127.9	162.2	128.2

 

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
Aug-18	2.4	-3.7	1.0	5.1	-5.3	4.0	14.6	7.6	4.7
Sep-18	6.4	-4.2	-1.7	2.5	2.5	3.2	11.8	8.2	4.3
Oct-18	11.3	-5.0	-0.9	1.3	-11.5	2.4	18.4	10.9	4.8
Nov-18	3.7	-3.5	0.5	2.3	-8.1	5.3	8.8	5.1	3.3
Dec-18	1.1	-4.3	4.2	-4.8	-2.4	10.1	11.6	4.4	2.1
Jan-19	2.0	-4.3	6.2	-2.6	10.5	5.5	11.0	0.8	1.5
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	3.2	-6.8	-2.1	-9.3	1.5	8.4	-1.7	8.1	0.7
Jul-19	-1.6	-4.4	-0.5	-0.9	1.5	8.9	7.9	4.7	2.7
Aug-19	-8.6	-5.4	-3.9	2.6	2.9	5.0	-4.9	-2.9	-0.5

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