Output of eight core sectors contracts to six-month low of 4.5% in July
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The output of eight core infrastructure sectors contracted to six-month low of 4.5 per cent in July 2022 against 9.9 per cent in the year-ago period. The production growth of eight infrastructure sectors was 13.2 per cent in June 2022. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).
Coal production having 10.33 per cent weight increased by 11.4 per cent in July, 2022 over July, 2021 and its cumulative index increased by 26.6 per cent during April to July, 2022-23 over corresponding period of the previous year. Petroleum Refinery production having 28.04 per cent weight increased by 6.2 per cent in July, 2022 over July, 2021 and its cumulative index increased by 11.7 per cent during April to July, 2022-23 over the corresponding period of previous year. Fertilizers production having 2.63 per cent weight increased by 6.2 per cent in July, 2022 over July, 2021 and its cumulative index increased by 11.3 per cent during April to July, 2022-23 over the corresponding period of previous year.
Steel production having 17.92 per cent weight increased by 5.7 per cent in July, 2022 over July, 2021 and its cumulative index increased by 6.5 per cent during April to July, 2022-23 over the corresponding period of previous year. Cement production having 5.37 per cent weight increased by 2.1 per cent in July, 2022 over July, 2021 and its cumulative index increased by 13.3 per cent during April to July, 2022-23 over the corresponding period of previous year. Electricity generation having 19.85 per cent weight increased by 2.2 per cent in July, 2022 over July, 2021 and its cumulative index increased by 13.1 per cent during April to July, 2022-23 over the corresponding period of previous year.
However, Crude oil production having 8.98 per cent weight declined by 3.8 per cent in July, 2022 over July, 2021 and its cumulative index declined by 0.5 per cent during April to July, 2022-23 over the corresponding period of previous year. Natural Gas production having 6.88 per cent weight declined by 0.3 per cent in July, 2022 over July, 2021, while its cumulative index increased by 3.5 per cent during April to July, 2022-23 over the corresponding period of previous year.
