Core Sector: According to official data issued on Friday, the growth output of eight core infrastructure sectors expanded by 3.3% in August, the smallest increase in nine months, as opposed to 12.2% in the same period last year. The previous low, 3.2%, occurred in November 2021.
Between April and August of current fiscal year, production growth in eight infrastructure sectors—
Coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity—was 9.8% compared to 19.4% a year earlier.
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The weight of the items included in the Index of Industrial Production is made up of the Eight Core Industries in 40.27 percent (IIP). There are specifics about annual and monthly indices and growth rates at Annex I and II, respectively.
The final growth rate of the Index of Eight Core Industries for May 2022 is revised from its provisional figure to 19.3%, according to a government release. ICI’s growth rate from April through August of 2022–2023 was 9.8% (P) higher than it was during the same time during the previous fiscal year.
Below is a summary of the Index of Eight Core Industries:
Coal- Production of coal (weight: 10.33%) grew 7.6% in August 2022 compared to August 2021. In comparison to the same period in 2022–2023, its cumulative index rose by 22.7% in April through August of that year.
Crude Oil – Production of crude oil (weight: 8.98%) fell 3.3% in August 2022 compared to August 2021. April through August of 2022–2023 saw a 1.1% fall in its cumulative index compared to the same time the prior year.
Natural Gas – Natural Gas output (weight: 6.88%) decreased in August 2022 compared to August 2021 by 0.9%. April through August of 2022–2023 had a 2.6% increase in its cumulative index compared to the same time the prior year.
Products from Petroleum Refineries – Production from Petroleum Refineries (weight: 28.04%) increased by 7.0% in August 2022 compared to August 2021. April through August of 2022–2023 had a 10.8% increase in its cumulative index compared to the same time the prior year.
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Fertilizers: The production of fertilisers (weight: 2.63%) grew by 11.9% in August 2022 compared to August 2021. April through August of 2022–2023 had a 11.4% increase in its cumulative index compared to the same time the prior year.
Steel – August 2022 saw a 2.2% increase in steel production (weight: 17.92%) compared to August 2021. April through August of 2022–2023 saw a 5.8% increase in its cumulative index compared to the same time the prior year.
Cement – Production of cement (weight: 5.37%) grew by 1.8% in August 2022 compared to August 2021. April through August of 2022–2023 had a 10.6% increase in its cumulative index compared to the same time the prior year.
Electricity – Electricity generation (weight: 19.85%) grew in August 2022 compared to August 2021 by 0.9%. April through August of 2022–2023 had a 10.5% increase in its cumulative index compared to the same time the prior year.
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