SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. Core sector growth declines to 2.6% in December’12

Core sector growth declines to 2.6% in December’12

01 Feb 2013 Evaluate

Drop in production of coal, natural gas and fertilizer pulled the overall growth rate of eight core industries to 2.6% in December 2012 as against 4.9% in the same month last year. The growth of eight core sector industries had declined to 1.8% in November 2012. On a collective basis for the first nine-month of the fiscal, growth rate of the core industries was 3.3% compared to 4.8% in the same period previous fiscal.

On the positive side, output of crude oil and petroleum refinery grew by 1% and 5% against a decline of 5.5% and 0.7%, respectively, in December 2011. On a cumulative basis, crude oil production recorded a de-growth of 0.4% for the first nine-month of the fiscal compared to its growth at 1.9% during the same period of 2011-12. On the other hand, for April-December 2012-13, petroleum refinery products registered a growth of 6.9% as against 4% growth during the same period of last fiscal.

Similarly, steel, cement production and electricity generation registered a growth rate of 5.2%, 3.9% and 4.4%, respectively, for the reporting month, though slowed substantially when compared with the same month previous year.

On the negative side, production of natural gas and coal contracted by 14.9% and 0.2%, respectively, in the month under review. Fertilizer output too slipped by 3.8% for the reporting month against 0.8% growth recorded in the same month previous year.

The eight core industries, which has a weightage of 37.9% in the overall Index of Industrial Production (IIP), is likely to impact industrial production in December,  which already contracted to 4-month low of 0.1% in November, mainly on the back of de-growth witnessed in mining, capital goods segment.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×