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Index of Eight Core Industries Contracts For Fourth Month

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Capital Market

India's core sector contracted for the fourth consecutive month in November. The output contracted by 1.5% compared to 5.8% fall in October. 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 126.3 in November, 2019, which declined by 1.5 per cent as compared to the index of November, 2018. Its cumulative growth during April to November, 2019-20 was 0 per cent.

Coal

Coal production (weight: 10.33per cent) declined by 2.5 per cent in November,2019 over November,2018. Its cumulative index declined by 5.3 per cent during April to November, 2019-20 over corresponding period of the previous year.

 

Crude Oil

Crude Oil production (weight: 8.98 per cent) declined by 6.0 per cent in November,2019 over November,2018. Its cumulative index declined by 5.9 per cent during April to November,2019-20over the corresponding period of previous year.

Natural Gas

The Natural Gas production (weight: 6.88 per cent) declined by 6.4 per cent in November,2019 over November,2018. Its cumulative index declined by 3.1 per cent during April to November,2019-20 over the corresponding period of previous year.

Refinery Products

Petroleum Refinery production (weight: 28.04 per cent) increased by 3.1 per cent in November,2019 over November,2018. Its cumulative index declined by 1.1 per cent during April to November,2019-20 over the corresponding period of previous year.

Fertilizers

Fertilizers production (weight: 2.63 per cent) increased by 13.6 per cent in November,2019 over November,2018. Its cumulative index increased by 4.0 per cent during April to November,2019-20 over the corresponding period of previous year.

Steel

Steel production (weight: 17.92 per cent) declined by 3.7 per cent in November,2019 over November,2018. Its cumulative index increased by 5.2 per cent during April to November, 2019-20 over the corresponding period of previous year.

Cement

9. Cement production (weight: 5.37 per cent) increased by 4.1 per cent in November,2019 over November,2018. Its cumulative index declined by 0.02 per cent during April to November, 2019-20 over the corresponding period of previous year.

Electricity

10. Electricity generation (weight: 19.85 per cent) declined by 5.7 per cent in November, 2019 over November,2018. Its cumulative index increased by 0.7 per cent during April to November, 2019-20 over the corresponding period of previous year.

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First Published: Dec 31 2019 | 5:58 PM IST

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