SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Core industries' output decelerates to 1.6% in January

01 Mar 2014 Evaluate

The output of eight core industries slowed down to a three-month low of 1.6% in the month of January against 2.1% in December on account of poor output of coal, petroleum refinery products and natural gas. The growth of core industries sector in the reported month was much lower than 8.3% growth recorded in the same month last year. The eight industries - crude oil, petroleum refinery products, natural gas, fertilisers, coal, electricity, cement and finished steel - have a weightage of 37.9% in the overall Index of Industrial Production (IIP).

Among core sectors, Electricity generation having 10.32% weight in index registered a growth of 5.7% in January, 2014 over the same month of corresponding period. During April to January 2013-14 it recorded a growth of 5.2% over the corresponding period of previous year. Steel and Cement sectors having weightage of 6.68% and 2.41% respectively in IIP index, registered a growth of 3.4% and 1.5% respectively, in the month under review over January 2013. In cumulative terms, Steel and Cement production was 4.1 % and 3.4% during April to January 2013-14. Crude oil, with weightage of 5.22% in index increased by 3.0% in January, 2014 over January, 2013, while its cumulative index during April to January 2013-14 declined by 0.3% over corresponding period of previous year.

Fertilizer production with weightage of 1.25% in IIP index registered a growth of 1.2% in January, 2014 over January, 2013. The cumulative index of Fertilizer production during April to January 2013-14 grew at 2.5% on YoY basis.

On the flip side, Petroleum refinery production, representing 5.94% weight in IIP index moderated by 4.5% in January, 2014 over January 2013. However, cumulative growth of Petroleum refinery production during April-January, 2013-14 grew by 1.4% over the corresponding period of previous year. Further, Coal production with weightage of 4.38% in index declined by 0.7% in January, 2014 over the same period of corresponding period. However, on cumulative basis, growth during April-January, 2013-14 increased by 1.0% compared to April- January 2012-13. Natural Gas production having weightage 1.71% in IIP index declined by 5.2% in January 2014 as compared to the month in January, 2013. The cumulative index for Natural Gas production during April to January 2013-14 declined by 14.1% over corresponding period of previous year.

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:

×