Core industries output rise 1.3% in December after four months of decline
by BusinessToday.InThe growth came on the back of rise in output in coal, fertiliser and refinery products sectors. However, production of crude oil, natural gas, and electricity contracted during December
Eight core industries in India reported growth of 1.3 per cent on annual basis in December last year. The sectors posted a cumulative growth in production last month after four consecutive months of decline.
The growth came on the back of rise in output in coal, fertiliser and refinery products sectors. However, production of crude oil, natural gas, and electricity contracted during December.
The eight core industries, including coal, crude oil, natural gas, refinery products, fertlisers, steel, cement and electricity, comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
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Coal
Coal production increased by 6.1 per cent on annual basis in December. Its cumulative index declined by 3.8 per cent year-on-year during April to December, 2019-20.
Crude Oil
Crude oil production fell 7.4 per cent year-on-year in December 2019. Its cumulative index declined by 6.0 per cent during April to December, 2019-20.
Natural Gas
Natural Gas production declined by 9.2 per cent in December 2019 over the year-ago period. Its cumulative index declined by 3.8 per cent during April to December, 2019-20.
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Refinery products
Petroleum refinery production increased by 3 per cent in December 2019. Its cumulative index declined by 0.6 per cent during April to December, 2019-20.
Fertilisers
Fertiliser production increased by 10.2 per cent in December 2019. Its cumulative index increased by 4.7 per cent during April to December, 2019-20.
Steel
Steel production increased by 1.9 per cent in December, 2019. Its cumulative index increased by 5.2 per cent during April to December, 2019-20.
Cement
Cement production increased by 5.5 per cent in December 2019. Its cumulative index increased by 0.7 per cent during April to December, 2019-20.
Electricity
Electricity generation fell by 1.6 per cent in December 2019 over December 2018.