1. July core sector output rises 3.2% versus 5.2% in June

July core sector output rises 3.2% versus 5.2% in June

The eight core industries comprise make up almost 38% of the weight of items included in the index of industrial production (IIP).

By: | New Delhi | Published: August 31, 2016 5:31 PM
Core sector The eight core industries comprise make up almost 38% of the weight of items included in the index of industrial production (IIP). (Reuters photo)

The core sector output in the month of July rose 3.2% versus 5.2% in June. The eight core industries comprise make up almost 38% of the weight of items included in the index of industrial production (IIP). In July, the combined index of eight core industries stood at 173.7, 3.2% higher, compared to the index of July, 2015. Its cumulative growth during April to July, 2016-17 was 4.9%.

Coal production increased by 5.1 % in July over last year. Its cumulative index during April to July, 2016-17 increased by 5.3% over corresponding period of previous year. Crude Oil production decreased by 1.8 % in July, 2016 over July, 2015. Its cumulative index during April to July, 2016-17 decreased by 2.9 % over the corresponding period of previous year.

Natural Gas production increased by 3.3% in July and its cumulative index during April to July declined by 3.8% over the corresponding period last year. Cement production increased by 1.4% in July, but steel production decreased by 0.5%. Petroleum Refinery production increased by 13.7% and fertilizer production increased by 2.5%.

Meanwhile, The Index of Industrial Production (IIP) for the month of June rose to 2.10% versus 1.1% MoM. The general index stands at 183.0, which is 2.1 per cent higher as compared to the level in the month of June 2015. The cumulative growth for the period April-June 2016 over the corresponding period of the previous year stands at 0.6%, according to the Central Statistics Office.

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