August core infra grows at 5.8%

The core infrastructure grows to 5.8% (Y-O-Y) in August 2014 as compared to 2.7% (Y-O-Y) in July 2014. The combined index of Eight Core Industries stands at 165.1 in August 2014 with a growth rate of 5.8% in August 2014 as compared to 4.7% in August 2013. Crude oil and Natural gas registered a growth rate of (-) 4.9% and (-) 8.3% respectively in the month of August 2014.

 

   Sector wise trend in monthly production                                                           (% growth)

Sector Weight in IIP August’14 Jul’14
Crude Oil 5.22 -4.9 (-)1
Natural Gas 1.71 -8.3 (-)9
Petroleum Refinery Products 5.94 -4.3 (-)5.5
Coal 4.38 13.4 6.2
Fertilizer 1.25 -4.3 (-)4.2
Electricity 10.32 12.6 11.2
Cement 2.41 10.3 16.5
Steel 6.68 9.1 (-)3.4
Overall 37.90 5.8 2.7

Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

 

In cumulative terms, core infrastructure industries registered a growth of 4.4% during April-August 2014-15 as against 4.2% during the corresponding period of the previous year.

 

     Sector wise trend in production                                                                                          (% growth)  

Sector Weight Apr-August 2014-15 Apr- August2013-14
Crude Oil 5.22 (-)1.2 (-)1.6
Natural Gas 1.71 (-)5.8 (-)17.0
Petroleum Refinery Products 5.94 (-)2.7 4.6
Coal 4.38 7.2 0.2
Fertilizer 1.25 2.8 1.8
Electricity 10.32 11.3 4.4
Cement 2.41 11.0 3.1
Steel 6.68 2.0 13.3
Overall 37.90 4.4 4.2


Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

 

Electricity generation grew by 11.3% during Apr–August 2014-15 as against 4.4% growth during Apr–August 2013-14, while steel production grew by 2.0% during Apr– August 2014-15 as against 13.3% during Apr- August 2013-14. The production in crude oil grew by (-)1.2% during Apr– August 2014-15 as compared to its growth at (-) 1.6% during Apr– August 2013-14, whereas petroleum refinery production registered a growth of (-)2.7% during Apr– August 2014-15 as compared to 4.6% during Apr– August 2013-14. Fertilizer production grew by 2.8% during Apr– August 2014-15 compared to its growth at 1.8% during Apr– August 2013-14 and cement production grew by 11.0% during Apr– August 2014-15 compared to its growth at 3.1% during Apr– August 2013-14.

 Trend in growth of steel, cement, electricity, coal and overall                                             (%)

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