Core sector industrial production falls 5.8% in October
29 Nov 2019
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Core sector industrial production in the country extended a declining trend, falling 5.8 per cent in October 2019 against the 5.2 per cent fall in September 2019, and a 4.8 per cent growth in October last year.
Expansion of key sectors was slackened by a decline in the production of crude oil, natural gas, coal, cement and electricity.
Output in the eight core sector industries comprising coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity, which carry nearly 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP), grew 0.2 per cent in the first seven months of the current fiscal (April-October 2019-20).
Production of coal, which has a weight of 10.33 per cent in the general index of industrial production (IIP) declined by 17.6 per cent in October 2019 while cumulative production of coal declined by 5.8 per cent during April-October 2019-20.
Production of crude oil (weight of 8.98 per cent in IIP) declined by 5.1 per cent in October 2019 while cumulative production of crude oil declined by 5.8 per cent during April-October 2019-20.
Natural gas production (weight of 6.88 per cent in IIP) declined by 5.7 per cent in October 2019 while its cumulative production declined by 2.6 per cent during April-October 2019-20.
Petroleum refinery production (weight of 28.04 per cent in IIP) increased by 0.4 per cent in October 2019 while cumulative refinery throughput declined by 1.7 per cent during April-October 2019-20.
Fertilizers production (weight of 2.63 per cent in IIP) increased by 11.8 per cent in October 2019 while cumulative fertiliser production increased by 2.6 per cent during April-October 2019-20.
Steel production (weight of 17.92 per cent in IIP) declined by 1.6 per cent in October 2019 while cumulative steel production increased by 6.7 per cent during April-October 2019-20.
Cement production (weight of 5.37 per cent in IIP) declined by7.7 per cent in October 2019 while cumulative cement production declined by 0.6 per cent during April-October 2019-20.
Electricity generation (weight of 19.85 per cent in IIP) declined by 12.4 per cent in October 2019 while cumulative electricity generation increased by 1.5 per cent during April-October 2019-20.
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