Core sector at six month high at 4.4% in May
Updated: Jul 01, 2015 11:23:28am
New Delhi, July 1 (KNN) Core sector growth revived in May, after two consecutive months of decline, indicating a recovery in industrial activity. The growth in production in eight key infrastructure sectors hit a six month high of 4.4 per cent in May as compared to a contraction of 0.4 per cent in April.
Eight core industries - electricity, coal, steel, cement, refinery production, natural gas, crude oil and fertilizers- accounts for a combined weight of 38 per cent in the overall IIP.
In February this year, the eight sectors had recorded growth of 1.4 per cent.
The combined Index of Eight Core Industries stands at 178.6 in May, 2015, which was 4.4 per cent higher compared to the index of May, 2014. Its cumulative growth during April to May, 2015-16 was 2.1 per cent, according to official data.
In May, production of refinery products jumped 7.9 per cent, against contraction of one per cent, 1.3 per cent and 2.9 per cent in February, March and April, respectively. Overall, output of refinery products in April-May rose 2.6 per cent, against contraction of 1.9 per cent in the corresponding period last year.
Coal production increased 7.8 per cent year-on-year in May. In May 2014, it increased 7.9 per cent. Production of steel and cement rose 2.6 per cent each in May, against growth of 0.6 per cent and contraction of 2.4 per cent, respectively, in April. However, these fell from 3.3 per cent and 8.4 per cent growth, respectively, in May last year. (KNN Bureau)
Eight core industries - electricity, coal, steel, cement, refinery production, natural gas, crude oil and fertilizers- accounts for a combined weight of 38 per cent in the overall IIP.
In February this year, the eight sectors had recorded growth of 1.4 per cent.
The combined Index of Eight Core Industries stands at 178.6 in May, 2015, which was 4.4 per cent higher compared to the index of May, 2014. Its cumulative growth during April to May, 2015-16 was 2.1 per cent, according to official data.
In May, production of refinery products jumped 7.9 per cent, against contraction of one per cent, 1.3 per cent and 2.9 per cent in February, March and April, respectively. Overall, output of refinery products in April-May rose 2.6 per cent, against contraction of 1.9 per cent in the corresponding period last year.
Coal production increased 7.8 per cent year-on-year in May. In May 2014, it increased 7.9 per cent. Production of steel and cement rose 2.6 per cent each in May, against growth of 0.6 per cent and contraction of 2.4 per cent, respectively, in April. However, these fell from 3.3 per cent and 8.4 per cent growth, respectively, in May last year. (KNN Bureau)
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