Core Industry Growth Turns Negative | Contracts 0.5% in August

Ministry of Commerce & Industry released the performance of eight core industries (Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement & Electricity) which 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.



Industry wise Data:-


Coal production 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 production 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.
The Natural Gas production 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.
Petroleum Refinery production 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 production 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 production 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 production 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 generation 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.


Stay tuned for more updates. Feel free to comment.

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