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  3. Growth in eight core industries slows down to 1.8% in January

Growth in eight core industries slows down to 1.8% in January

03 Mar 2015 Evaluate

Growth in eight core industries, contributing 38% to the overall industrial production has slowed down to 1.8% in January, compared to by 3.7% in January 2014 and 2.4% in December 2014. The growth is lowest in last 13 months, due to negative expansion in crude oil and natural gas. The combined Index of Eight Core Industries stood at 174.8 in January, 2015. Its cumulative growth during April to January, 2014-15 was 4.1%.

Crude Oil production having weight of 5.22% declined by 2.3% in January, 2015 over January, 2014 and the Natural Gas production having weight of 1.71% declined by 6.6% in January, 2015. On the cumulative index basis during April to January, 2014-15 Natural Gas declined by 5.2% over the corresponding period of previous year, while the cumulative index of Crude Oil during April to January, 2014-15 declined by 1.0% over the corresponding period of previous year.

On the other hand, Coal production having weight of 4.38% increased by 1.7% in January, 2015 over January, 2014. Its cumulative index during April to January, 2014-15 increased by 8.1% over corresponding period of previous year. Petroleum Refinery production having weight of 5.94%, increased by 4.7% in January, 2015. Its cumulative index during April to January, 2014-15 increased by 0.7% over the corresponding period of previous year.

Other industries, Fertilizer production increased by 7.1% in January, 2015. Though, its cumulative index during April to January, 2014-15 declined by 0.5% over the corresponding period of previous year. Cement production increased by 0.5 % in January, 2015. Its cumulative growth during April to January, 2014-15 was 7.1% over the corresponding period of previous year and Electricity generation having weight of 10.32% increased by 2.7% in January, 2015, registering a cumulative growth of 8.9% during April to January, 2014-15 over the corresponding period of previous year.

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