Core sector output in the month of September slowed down to 1.9% as compared to 5.8% in August, lowest in eight months, led by contraction in output of sectors including crude oil, refinery products, natural gas and fertilisers. The eight industries - crude oil, petroleum refinery products, natural gas, fertilisers, coal, electricity, cement and finished steel - have a weight of 37.9% in the overall Index of Industrial Production (IIP). Its cumulative growth during April to September, 2014-15 was recorded at 4.0 %.
Among core sectors, Electricity generation having 10.32% weight in IIP index registered a growth of 3.8% in September, 2014 over the same month of corresponding period. During April to September 2014-15, it recorded a growth of 10% over the corresponding period of previous year. Coal production with weightage of 4.38% in index increased by 7.2% in September, 2014 over the same period of corresponding period. On cumulative basis, coal production growth during April-September, 2014-15 increased by 7.2% compared to April-September, 2013-14. Cement sector having weightage of 2.41% respectively in IIP index, registered a growth of 3.2% respectively, in the month under review over September 2013. In cumulative terms, Cement production was recorded at 9.7% during April-September 2014-15.
On the flip side, Crude oil and Petroleum Refinery Products, with weightage of 5.22% and 5.94% in index declined by 1.1% and 2.5% in September, 2014 over September, 2013. In cumulative terms, Crude oil and Petroleum Refinery Products declined by 1.2 % and 2.6% during April-June 2014-15. Natural Gas production having weightage 1.71% in IIP index declined by 6.2% in September 2014 as compared to the month in September, 2013. The cumulative index for Natural Gas production during April-September 2014-15 declined by 5.9% over corresponding period of previous year.
Fertilizer production with weightage of 1.25% in IIP index declined 11.6% in September, 2014 over September, 2013. However, the cumulative index of Fertilizer production during April-September 2014-15 registered no growth. Steel production (weight: 6.68%) increased by 4.0 % in September, 2014 over September, 2013. While, its cumulative index during April to September, 2014-15 increased by 2.3% over the corresponding period of previous year.
Core sector output during September was dampened by the base effect as eight core industries output grew by 9 percent during the same month last fiscal. Going forward the festival season will boost the manufacturing sector output.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: