Index of Eight Core Industries December, 2016


Index of Eight Core Industries (Base: 2004-05=100) December, 2016

            The summary of the Index of Eight Core Industries (base: 2004-05) is given at the Annexure.
            The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 189.1 in December, 2016, which was 5.6 % higher compared to the index of December, 2015. Its cumulative growth during April to December, 2016-17 was 5.0 %.


Coal
            Coal production (weight: 4.38 %) increased by 4.4 % in December, 2016 over December, 2015. Its cumulative index during April to December, 2016-17 increased by 2.0 % over corresponding period of previous year.

Crude Oil

            Crude Oil production (weight: 5.22 %) declined by 0.8 % in December, 2016 over December, 2015. Its cumulative index during April to December, 2016-17 declined by 3.2 % over the corresponding period of previous year.

Natural Gas

            The Natural Gas production (weight: 1.71 %) declined by 0.01 % in December, 2016 over December, 2015. Its cumulative index during April to December, 2016-17 declined by 3.3 % over the corresponding period of previous year.

Refinery Products (93% of Crude Throughput)
            Petroleum Refinery production (weight: 5.94%) increased by 6.4 % in December, 2016 over December, 2015. Its cumulative index during April to December, 2016-17 increased by 7.8 % over the corresponding period of previous year.

Fertilizers

            Fertilizer production (weight: 1.25%) declined by 4.7 % in December, 2016 over December, 2015. Its cumulative index during April to December, 2016-17 increased by 3.4 % over the corresponding period of previous year.

Steel (Alloy + Non-Alloy)

            Steel production (weight: 6.68%) increased by 14.9 % in December, 2016 over December, 2015. Its cumulative index during April to December, 2016-17 increased by 8.9 % over the corresponding period of previous year.

Cement

            Cement production (weight: 2.41%) declined by 8.7 % in December, 2016 over December, 2015. Its cumulative index during April to December, 2016-17 increased by 2.8 % over the corresponding period of previous year.

Electricity

            Electricity generation (weight: 10.32%) increased by 6.0 % in December, 2016 over December, 2015. Its cumulative index during April to December, 2016-17 increased by 5.4 % over the corresponding period of previous year.

Note 1: Data are provisional. Revision has been made based on revised data received for corresponding month of previous year in respect of Coal, Crude Oil, Refinery Products, Fertilizer, Steel, Cement and Electricity. Accordingly, indices for the month of December, 2015 have been revised.

Note 2: Since October, 2016, Electricity generation data from Renewable sources is also included.

Note 3: Release of the index for January, 2017 will be on Tuesday, 28th February, 2017.

Annexure 
Performance of Eight Core Industries 
Yearly Index & Growth Rate
Base Year: 2004-05=100

INDEX
Sector
Weight
 2011-12
2012-13
2013-14
2014-15
2015-16
Apr-Dec 2015-16
Apr-Dec 2016-17
Coal
4.379
141.5
148.1
150.0
162.2
169.6
158.0
161.1
Crude Oil
5.216
112.1
111.4
111.2
110.2
108.7
109.7
106.1
Natural Gas
1.708
149.7
128.1
111.5
106.0
101.5
103.7
100.3
Refinery Products
5.939
133.7
172.5
175.0
175.6
182.2
178.9
192.9
Fertilizers
1.254
103.8
100.2
101.8
101.7
114.1
113.1
117.0
Steel
6.684
174.0
181.1
201.9
211.4
208.8
207.5
226.0
Cement
2.406
175.2
188.7
194.5
205.3
215.3
207.8
213.5
Electricity
10.316
149.3
155.3
164.6
178.5
190.7
191.5
201.9
Overall Index
37.903
145.3
154.7
161.2
168.5
173.8
171.7
180.2





GROWTH RATES (in %)
Sector
Weight
 2011-12
2012-13
2013-14
2014-15
2015-16
Apr-Dec 2015-16
Apr-Dec 2016-17
Coal
4.379
1.3
4.6
1.3
8.1
4.5
4.5
2.0
Crude Oil
5.216
1.0
-0.6
-0.2
-0.9
-1.4
-0.8
-3.2
Natural Gas
1.708
-8.9
-14.5
-13.0
-4.9
-4.2
-2.8
-3.3
Refinery Products
5.939
3.1
29.0
1.5
0.3
3.7
2.3
7.8
Fertilizers
1.254
0.4
-3.4
1.5
-0.1
12.2
11.3
3.4
Steel
6.684
10.3
4.1
11.5
4.7
-1.2
-1.6
8.9
Cement
2.406
6.7
7.7
3.1
5.6
4.9
2.6
2.8
Electricity
10.316
8.1
4.0
6.0
8.4
6.8
6.2
5.4
Overall Index
37.903
5.0
6.5
4.2
4.5
3.2
2.6
5.0
#Refinery Products’ yearly growth rate of 2012-13 is not comparable with other years on account of inclusion of RIL (SEZ) production data since April, 2012.

Performance of Eight Core Industries

Monthly Index & Growth Rate

Base Year: 2004-05=100
Index
Sector
Coal
Crude Oil
Natural Gas
Refinery Products
Fertilizers
Steel
Cement
Electricity
Overall Index
Weight
4.379
5.216
1.708
5.939
1.254
6.684
2.406
10.316
37.903
Dec-15
195.9
108.8
103.4
190.2
123.1
206.5
219.9
193.3
179.1
Jan-16
200.4
107.3
92.5
194.7
118.5
216.7
236.1
187.3
180.7
Feb-16
191.5
102.3
96.9
179.4
113.4
202.6
232.5
181.2
172.2
Mar-16
221.1
108.1
96.0
201.9
119.1
219.7
244.6
196.3
188.0
Apr-16
154.9
104.4
94.0
190.3
94.2
212.3
225.2
203.1
176.4
May-16
164.8
108.7
100.3
188.3
116.9
237.6
227.0
203.9
183.7
Jun-16
164.6
104.8
98.2
190.4
115.6
225.0
237.7
198.6
180.4
Jul-16
140.9
108.7
102.2
200.3
114.1
207.6
212.8
193.2
173.7
Aug-16
126.4
108.3
101.0
191.5
127.1
237.3
203.3
194.6
176.0
Sep-16
135.2
103.0
98.2
186.1
122.0
233.4
206.4
199.8
176.1
Oct-16
166.3
107.7
104.1
198.5
123.8
234.0
221.3
216.4
188.1
Nov-16
192.4
101.6
100.9
188.0
121.8
209.2
187.1
202.7
178.2
Dec-16
204.6
107.9
103.4
202.4
117.2
237.3
200.7
204.8
189.1



Growth Rates (in %)
Sector
Coal
Crude Oil
Natural Gas
Refinery Products
Fertilizers
Steel
Cement
Electricity
Overall Index
Weight
4.379
5.216
1.708
5.939
1.254
6.684
2.406
10.316
37.903
Dec-15
5.3
-4.1
-6.1
2.1
13.5
-3.1
4.1
8.8
2.9
Jan-16
9.1
-4.6
-15.3
4.8
6.2
-2.8
9.0
6.0
2.9
Feb-16
3.9
0.8
1.2
8.1
16.3
-0.5
13.5
9.2
5.7
Mar-16
1.7
-5.1
-10.5
10.8
22.9
3.4
11.9
11.3
6.4
Apr-16
-0.9
-2.3
-6.8
17.9
7.8
6.1
4.4
14.7
8.5
May-16
5.5
-3.3
-6.9
1.2
14.8
3.2
2.4
4.6
2.8
Jun-16
12.0
-4.3
-4.5
3.5
9.8
2.4
10.3
8.1
5.2
Jul-16
5.1
-1.8
3.3
13.7
-4.3
-0.5
1.4
1.6
3.0
Aug-16
-9.2
-3.9
-5.7
3.5
5.7
17.0
3.1
0.1
3.2
Sep-16
-5.8
-4.1
-5.5
9.3
2.0
16.3
5.5
2.2
5.0
Oct-16
-1.6
-3.2
-1.4
15.1
0.8
16.9
6.2
2.8
6.6
Nov-16
6.4
-5.4
-1.7
2.0
2.4
5.6
0.5
10.2
4.9
Dec-16
4.4
-0.8
-0.01
6.4
-4.7
14.9
-8.7
6.0
5.6

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