Economy

Eight core industries' September output up

Eight core industries' September output up”

Indicating a revival in economic activities, the index of eight core industries grew by 5.2 per cent in September this year led by a sharp expansion in coal and refinery production.

Eight core sectors grew to a six-month high of 5.2 per cent in September, helped by a robust performance in coal, natural gas and refinery segments, official data showed on Tuesday. "Its cumulative growth during April to September, 2017-18 was 3.3 per cent".

Similarly, natural gas production increased by 6.3 percent this year as compared to September 2016. Its cumulative index increased by 1.5% during April to September 2017-18 over corresponding period of the previous year. Its cumulative index declined by 0.2% during April to September 2017-18 over the corresponding period of previous year. Cumulatively, the growth in the eight core sectors during April-September this fiscal slowed down to 3.3 per cent as against 5.4 per cent in the same period last fiscal.

Fertilizer production (weight: 2.63%) declined by 7.7% in September 2017 over September 2016.

Electricity generation (weight of 19.85 per cent in IIP) increased by 5.2 per cent in September 2017 while cumulative generation of electricity increased by 6.0 per cent during April-September 2017-18. Its cumulative index declined by 2.1 percent during April to September, 2017-18 over the corresponding period of previous year.

Cement production increased by 0.1 percent in September, 2017 over September, 2016. Its cumulative index declined by 1.9 percent during April to September, 2017-18 over the corresponding period of previous year. Its cumulative index increased by 6.0 percent during April to September, 2017-18 over the corresponding period of previous year.



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