HomeOI-News

INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR MAY, 2021

The summary of the Index of Eight Core Industries is given below: Coal – Coal production (weight: 10.33 per cent) increased by 6.9 per cent in May, 20

The summary of the Index of Eight Core Industries is given below:

Coal – Coal production (weight: 10.33 per cent) increased by 6.9 per cent in May, 2021 over May, 2020. Its cumulative index increased by 8.2 per cent during April to May, 2021-22 over corresponding period of the previous year.

Crude Oil – Crude Oil production (weight: 8.98 per cent) declined by 6.3 per cent in May, 2021 over May, 2020. Its cumulative index declined by 4.2 per cent during April to May, 2021-22 over the corresponding period of previous year.

Natural Gas – Natural Gas production (weight: 6.88 per cent) increased by 20.1 per cent in May, 2021 over May, 2020. Its cumulative index increased by 22.5 per cent during April to May, 2021-22 over the corresponding period of previous year.

Petroleum Refinery Products – Petroleum Refinery production (weight: 28.04 per cent) increased by 15.3 per cent in May, 2021 over May, 2020. Its cumulative index increased by 22.8 per cent during April to May, 2021-22 over the corresponding period of previous year.

Fertilizers – Fertilizers production (weight: 2.63 per cent) decreased by 9.6 per cent in May, 2021 over May, 2020. Its cumulative index decreased by 3.9 per cent during April to May, 2021-22 over the corresponding period of previous year.

Steel – Steel production (weight: 17.92 per cent) increased by 59.3 per cent in May, 2021 over May, 2020. Its cumulative index increased by 149.5 per cent during April to May, 2021-22 over the corresponding period of previous year.

Cement – Cement production (weight: 5.37 per cent) increased by 7.9 per cent in May, 2021 over May, 2020. Its cumulative index increased by 100.4 per cent during April to May, 2021-22 over the corresponding period of previous year.

Electricity – Electricity generation (weight: 19.85 per cent) increased by 7.3 per cent in May, 2021 over May, 2020. Its cumulative index increased by 21.5 per cent during April to May, 2021-22 over the corresponding period of previous year.

Note 1: Data for March, 2021, April, 2021 and May, 2021 are provisional.

Note 2: Since April, 2014, Electricity generation data from Renewable sources are also included.

Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.

Note 4: Since March 2019, a new steel product called Hot Rolled Pickled and Oiled (HRPO) under the item ‘Cold Rolled (CR) coils’ within the production of finished steel has also been included.

Note 5: Release of the index for June, 2021 will be on Friday 30th July, 2021.

Annex I

Performance of Eight Core Industries

Yearly Index & Growth Rate

Base Year: 2011-12=100

                                                                                                       Index

Sector

Weight

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21*

Apr- May  2020-21

Apr- May  2021-22*

Coal

10.3335

103.2

104.2

112.6

118.0

121.8

124.9

134.1

133.6

131.1

106.5

115.2

Crude Oil

8.9833

99.4

99.2

98.4

97.0

94.5

93.7

89.8

84.5

80.1

81.1

77.7

Natural Gas

6.8768

85.6

74.5

70.5

67.2

66.5

68.4

69.0

65.1

59.8

55.3

67.7

Refinery Products

28.0376

107.2

108.6

108.8

114.1

119.7

125.2

129.1

129.4

114.9

98.1

120.5

Fertilizers

2.6276

96.7

98.1

99.4

106.4

106.6

106.6

107.0

109.8

111.5

99.2

95.4

Steel

17.9166

107.9

115.8

121.7

120.2

133.1

140.5

147.7

152.6

138.9

61.6

153.8

Cement

5.3720

107.5

111.5

118.1

123.5

122.0

129.7

147.0

145.7

129.1

69.9

140.2

Electricity

19.8530

104.0

110.3

126.6

133.8

141.6

149.2

156.9

158.4

157.6

138.1

167.8

Overall Index

100.00

103.8

106.5

111.7

115.1

120.5

125.7

131.2

131.6

123.1

94.4

128.2

*Provisional

                                                          

Growth Rates (on Y-o-Y basis in per cent)

Sector

Weight

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21*

Apr- May  2020-21

Apr- May  2021-22*

Coal

10.3335

3.2

1.0

8.0

4.8

3.2

2.6

7.4

-0.4

-1.9

-14.7

8.2

Crude Oil

8.9833

-0.6

-0.2

-0.9

-1.4

-2.5

-0.9

-4.1

-5.9

-5.2

-6.7

-4.2

Natural Gas

6.8768

-14.4

-12.9

-5.3

-4.7

-1.0

2.9

0.8

-5.6

-8.2

-18.3

22.5

Refinery Products

28.0376

7.2

1.4

0.2

4.9

4.9

4.6

3.1

0.2

-11.2

-22.7

22.8

Fertilizers

2.6276

-3.3

1.5

1.3

7.0

0.2

0.03

0.3

2.7

1.5

2.0

-3.9

Steel

17.9166

7.9

7.3

5.1

-1.3

10.7

5.6

5.1

3.4

-9.0

-61.3

149.5

Cement

5.3720

7.5

3.7

5.9

4.6

-1.2

6.3

13.3

-0.9

-11.4

-53.7

100.4

Electricity

19.8530

4.0

6.1

14.8

5.7

5.8

5.3

5.2

0.9

-0.5

-18.7

21.5

Overall Growth

100.00

3.8

2.6

4.9

3.0

4.8

4.3

4.4

0.4

-6.5

-29.4

35.8

*Provisional, YoY is calculated over the corresponding financial year of previous year

Annex II

Performance of Eight Core Industries

Monthly Index & Growth Rate

Base Year: 2011-12=100

Index

Sector

Coal

Crude Oil

Natural Gas

Refinery Products

Fertilizers

Steel

Cement

Electricity

Overall Index

Weight

10.3335

8.9833

6.8768

28.0376

2.6276

17.9166

5.3720

19.8530

100.00

May-20

109.4

82.0

57.2

102.0

113.4

96.4

117.3

150.6

107.7

Jun-20

104.3

79.6

58.1

110.6

114.6

122.3

137.8

156.2

116.3

Jul-20

100.3

83.0

61.2

114.5

119.4

141.9

126.8

166.3

122.5

Aug-20

98.2

81.2

61.0

105.9

120.8

150.7

109.1

162.7

119.7

Sep-20

105.6

78.3

57.5

106.3

113.5

149.9

126.8

166.4

121.4

Oct-20

122.4

80.9

60.6

111.5

122.8

158.4

141.3

162.2

126.7

Nov-20

137.9

78.3

58.4

126.5

118.5

156.0

132.1

144.8

127.7

Dec-20

156.2

80.5

60.8

126.9

117.0

170.9

147.8

157.9

136.1

Jan-21

161.6

81.1

64.0

130.9

117.5

168.1

154.6

164.2

139.2

Feb-21

163.6

73.2

57.7

114.8

103.9

156.3

160.9

153.9

129.6

Mar-21*

210.3

82.4

67.4

134.4

91.3

169.6

172.1

180.0

149.2

Apr-21*

113.5

78.5

66.7

123.4

88.3

154.1

153.7

174.0

130.7

May-21*

117.0

76.8

68.7

117.7

102.5

153.5

126.7

161.6

125.8

*Provisional

Growth Rates (on Y-o-Y basis in per cent)

Sector

Coal

Crude Oil

Natural Gas

Refinery Products

Fertilizers

Steel

Cement

Electricity

Overall Growth

Weight

10.3335

8.9833

6.8768

28.0376

2.6276

17.9166

5.3720

19.8530

100.00

May-20

-14.0

-7.1

-16.8

-21.3

7.5

-40.4

-21.4

-14.8

-21.4

Jun-20

-15.5

-6.0

-12.0

-8.9

4.2

-23.2

-6.8

-10.0

-12.4

Jul-20

-5.7

-4.9

-10.2

-13.9

6.9

-6.5

-13.5

-2.4

-7.6

Aug-20

3.6

-6.3

-9.5

-19.1

7.3

0.5

-14.5

-1.8

-6.9

Sep-20

21.0

-6.0

-10.6

-9.5

-0.3

6.2

-3.4

4.8

0.6

Oct-20

11.7

-6.2

-8.6

-17.0

6.3

5.9

3.2

11.2

-0.5

Nov-20

3.3

-4.9

-9.3

-4.8

1.6

0.7

-7.3

3.5

-1.1

Dec-20

2.2

-3.6

-7.2

-2.8

-2.9

3.5

-7.2

5.1

0.4

Jan-21

-1.9

-4.6

-2.1

-2.6

0.8

8.2

-5.8

5.5

1.3

Feb-21

-4.4

-3.2

-1.0

-10.9

-3.7

2.2

0.2

0.2

-3.3

Mar-21*

0.3

-3.1

12.3

-0.7

-7.1

27.3

32.7

22.5

11.4

Apr-21*

9.5

-2.1

25.0

30.9

3.9

472.7

582.7

38.5

60.9

May-21*

6.9

-6.3

20.1

15.3

-9.6

59.3

7.9

7.3

16.8

*Provisional, YoY is calculated over the corresponding month of previous year