Output of eight core industries slows to four-month low of 8.1% in September
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The output of eight core industries slowed to a four-month low of 8.1 per cent in September 2023 on the back of a high base and a slowdown in seven constituent sectors. In September last year, the core sector output had grown 8.3 per cent. 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).
Cement production, having 5.37 per cent weight increased by 4.7 per cent in September, 2023 over September, 2022 and its cumulative index increased by 11.5 per cent during April to September, 2023-24 over corresponding period of the previous year. Coal production, having 10.33 per cent weight increased by 16.1 per cent in September, 2023 over September, 2022 and its cumulative index increased by 12.2 per cent during April to September, 2023-24 over corresponding period of the previous year.
Electricity generation having 19.85 per cent weight increased by 9.3 per cent in September, 2023 over September, 2022 and its cumulative index increased by 6.0 per cent during April to September, 2023-24 over corresponding period of the previous year. Fertilizer production having 2.63 per cent weight increased by 4.2 per cent in September, 2023 over September, 2022 and its cumulative index increased by 7.0 per cent during April to September, 2023-24 over corresponding period of the previous year.
Natural Gas production having 6.88 per cent weight increased by 6.5 per cent in September, 2023 over September, 2022 and its cumulative index increased by 4.3 per cent during April to September, 2023-24 over corresponding period of the previous year. Petroleum Refinery production having 28.04 per cent weight increased by 5.5
