August core infra grows at 5.8%

The core infrastructure grows to 5.8% (Y-O-Y) in August 2014 as compared to 2.7% (Y-O-Y) in July 2014. The combined index of Eight Core Industries stands at 165.1 in August 2014 with a growth rate of 5.8% in August 2014 as compared to 4.7% in August 2013. Crude oil and Natural gas registered a growth rate of (-) 4.9% and (-) 8.3% respectively in the month of August 2014.

   Sector wise trend in monthly production                                                           (% growth)

Sector	Weight in IIP	August’14	Jul’14
Crude Oil	5.22	-4.9	(-)1
Natural Gas	1.71	-8.3	(-)9
Petroleum Refinery Products	5.94	-4.3	(-)5.5
Coal	4.38	13.4	6.2
Fertilizer	1.25	-4.3	(-)4.2
Electricity	10.32	12.6	11.2
Cement	2.41	10.3	16.5
Steel	6.68	9.1	(-)3.4
Overall	37.90	5.8	2.7

Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

In cumulative terms, core infrastructure industries registered a growth of 4.4% during April-August 2014-15 as against 4.2% during the corresponding period of the previous year.

     Sector wise trend in production                                                                                          (% growth)  

Sector	Weight	Apr-August 2014-15	Apr- August2013-14
Crude Oil	5.22	(-)1.2	(-)1.6
Natural Gas	1.71	(-)5.8	(-)17.0
Petroleum Refinery Products	5.94	(-)2.7	4.6
Coal	4.38	7.2	0.2
Fertilizer	1.25	2.8	1.8
Electricity	10.32	11.3	4.4
Cement	2.41	11.0	3.1
Steel	6.68	2.0	13.3
Overall	37.90	4.4	4.2

Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

Electricity generation grew by 11.3% during Apr–August 2014-15 as against 4.4% growth during Apr–August 2013-14, while steel production grew by 2.0% during Apr– August 2014-15 as against 13.3% during Apr- August 2013-14. The production in crude oil grew by (-)1.2% during Apr– August 2014-15 as compared to its growth at (-) 1.6% during Apr– August 2013-14, whereas petroleum refinery production registered a growth of (-)2.7% during Apr– August 2014-15 as compared to 4.6% during Apr– August 2013-14. Fertilizer production grew by 2.8% during Apr– August 2014-15 compared to its growth at 1.8% during Apr– August 2013-14 and cement production grew by 11.0% during Apr– August 2014-15 compared to its growth at 3.1% during Apr– August 2013-14.
 Trend in growth of steel, cement, electricity, coal and overall                                             (%)