Core IIP up 3.2% in July; power, refining grows most

index

India’s industrial production index for core industries rose 3.2% in July compared to a year ago, indicating a slight improvement in economic activities.

The eight core industries, that comprise nearly 38% of Index of Industrial Production (IIP), rose to 173.7 in July.

Its cumulative growth during April to July, 2016-17 was 4.9 %.

Coal

Coal production (weight: 4.38 %) increased by 5.1 % in July, 2016 over July, 2015. Its cumulative index during April to July, 2016-17 increased by 5.3% over corresponding period of previous year.

Crude Oil

Crude Oil production (weight: 5.22 %) 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

The Natural Gas production (weight: 1.71 %) increased by 3.3 % in July, 2016 over July, 2015. Its cumulative index during April to July, 2016-17 declined by 3.8 % over the corresponding period of previous year.

Refinery Products (93% of Crude Throughput)

Petroleum Refinery production (weight: 5.94%) increased by 13.7 % in July, 2016 over July, 2015. Its cumulative index during April to July, 2016-17 increased by 8.7 % over the corresponding period of previous year.

Fertilizers

Fertilizer production (weight: 1.25%) increased by 2.5 % in July, 2016 over July, 2015. Its cumulative index during April to July, 2016-17 increased by 8.6 % over the corresponding period of previous year.

Steel (Alloy + Non-Alloy)

Steel production (weight: 6.68%) decreased by 0.5 % in July, 2016 over July, 2015. Its cumulative index during April to July, 2016-17 increased by 2.8 % over the corresponding period of previous year.

Cement

Cement production (weight: 2.41%) increased by 1.4 % in July, 2016 over July, 2015. Its cumulative index during April to July, 2016-17 increased by 4.6 % over the corresponding period of previous year.

Electricity

Electricity generation (weight: 10.32%) increased by 1.6 % in July, 2016 over July, 2015. Its cumulative index during April to July, 2016-17 increased by 7.1 % over the corresponding period of previous year.

 

Sector Weight 2011-12 2012-13 2013-14 2014-15 2015-16 Apr-Jul 2015-16 Apr-Jul 2016-17
Coal 4.379 141.5 148.1 150.0 162.2 169.6 148.4 156.3
Crude Oil 5.216 112.1 111.4 111.2 110.2 108.7 109.9 106.6
Natural Gas 1.708 149.7 128.1 111.5 106.0 101.5 102.6 98.7
Refinery Products 5.939 133.7 172.5 175.0 175.6 182.3 176.9 192.3
Fertilizers 1.254 103.8 100.2 101.8 101.7 113.2 101.4 110.2
Steel 6.684 174.0 181.1 201.9 211.4 208.4 214.7 220.6
Cement 2.406 175.2 188.7 194.5 205.3 215.0 215.7 225.7
Electricity 10.316 149.3 155.3 164.6 178.5 188.1 186.5 199.7
Overall Index 37.903 145.3 154.7 161.2 168.5 173.0 170.3 178.6

GROWTH

Sector Weight 2011-12 2012-13 2013-14 2014-15 2015-16 Apr-Jul 2015-16 Apr-Jul 2016-17
Coal 4.379 1.3 4.6 1.3 8.1 4.5 5.3 5.3
Crude Oil 5.216 1.0 -0.6 -0.2 -0.9 -1.4 -0.7 -2.9
Natural Gas 1.708 -8.9 -14.5 -13.0 -4.9 -4.2 -4.3 -3.8
Refinery Products# 5.939 3.1 29.0 1.5 0.3 3.8 3.9 8.7
Fertilizers 1.254 0.4 -3.4 1.5 -0.1 11.3 4.1 8.6
Steel 6.684 10.3 4.1 11.5 4.7 -1.5 1.2 2.8
Cement 2.406 6.7 7.7 3.1 5.6 4.7 1.4 4.6
Electricity 10.316 8.1 4.0 6.0 8.4 5.4 2.6 7.1
Overall Index 37.903 5.0 6.5 4.2 4.5 2.7 2.2 4.9