Index of Eight Core Industries rises by 2.6% in FY14, Lowest growth in past four years

Growth eases in the month of March after rising by 4.5% in preceding month

The Eight Core Industries having a combined weight of 37.90% in the Index of Industrial Production (IIP) increased by 2.5% in March, 2014 compared to the index of March, 2013. Its cumulative growth during April-March, 2013-14 was 2.6%, lowest growth after 2.8% rise recorded in FY09.

Coal production (weight: 4.38%) increased by 0.7% in March, 2014 over March, 2013. Its cumulative index during April to March, 2013-14 increased by 0.8% over corresponding period of previous year.

Crude Oil production (weight: 5.22%) declined by 1.6% in March, 2014 over March, 2013. The cumulative index of Crude Oil during April to March, 2013-14 declined by 0.2% over the corresponding period of previous year.

The Natural Gas production (weight: 1.71%) declined by 9.3% in March, 2014 over March, 2013. Its cumulative index during April to March, 2013-14 declined by 13.0% over the corresponding period of previous year.

Petroleum refinery production (weight: 5.94%) registered a growth of 2.8% in March, 2014 over March, 2013 and its cumulative index during April to March, 2013-14 increased by 1.7% over the corresponding period of previous year.

Fertilizer production (weight: 1.25%) declined by 6.1% in March, 2014 over March, 2013, recording lowest monthly growth in past 12 months. However, it registered a cumulative growth of 1.5% during April to March, 2013-14 over the corresponding period of previous year.

Steel production (weight: 6.68%) recorded a growth of 5.4% in March, 2014 over March, 2013. The cumulative growth during April to March, 2013-14 was 4.3% over the corresponding period of previous year.

Cement production (weight: 2.41%) remains same in March, 2014 as of March, 2013 while its cumulative growth during April to March, 2013-14 was 3.0% over the corresponding period of previous year.

Electricity generation (weight: 10.32%) increased by 5.4% in March, 2014 over the period of March, 2013 and it registered a cumulative growth of 5.6% during April to March, 2013-14 over the corresponding period of previous year.

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