Core sector growth slows at 3 pct in June
It was lower than the 4.4 percent growth in the eight core industries’ performance as registered in May this year.
"The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stands at 171.2 in June, 2015, which was 3.0 % higher compared to the index of June, 2014. Its cumulative growth during April to June, 2015-16was 2.4 %.," read a government statement.
Coal production (weight: 4.38 %) increased by 6.3 % in June, 2015 over June, 2014. Its cumulative index during April to June, 2015-16 increased by 7.3 % over corresponding period of previous year.
Data showed Crude Oil production (weight: 5.22 %) declined by 0.7 % in June, 2015 over June, 2014. Its cumulative index during April to June, 2015-16 declined by 0.9 % over the corresponding period of previous year.
The Natural Gas production (weight: 1.71 %) declined by 5.9 % in June, 2015. Its cumulative index during April to June, 2015-16 declined by 4.2 % over the corresponding period of previous year.
Petroleum Refinery production (weight: 5.94%) increased by 7.5 % in June, 2015. Its cumulative index during April to June, 2015-16 increased by 4.2 % over the corresponding period of previous year.
Fertilizer production (weight: 1.25%) increased by 5.8 % in June, 2015. Its cumulative index during April to June, 2015-16 increased by 2.4 % over the corresponding period of previous year.
Steel production (weight: 6.68%) increased by 4.9 % in June, 2015. Its cumulative index during April to June, 2015-16 increased by 2.8 % over the corresponding period of previous year.
Cement production (weight: 2.41%) increased by 2.6 % in June, 2015. Its cumulative index during April to June, 2015-16 increased by 0.9 % over the corresponding period of previous year.
Electricity generation (weight: 10.32%) on the other end increased by 0.2 % in June, 2015. Its cumulative index during April to June, 2015-16 increased by 1.5 % over the corresponding period of previous year.
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