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Index of Eight Core Industries - 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 from April to May 2018-19 over the 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 from 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 from 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 from 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 from 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 from 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 from 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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