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Output of eight core sectors slows down to 0.1% in October 2022
Dec-01-2022

The output of eight core industries slowed down to 0.1 per cent in October 2022 as against 8.7 per cent in same month last year, owing to a high base effect and weak activity. Production of eight infrastructure sectors had expanded by 7.8 per cent in September 2022, the highest in three months. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

Coal production, having 10.33 per cent weight, increased by 3.6 per cent in October, 2022 over October, 2021 and its cumulative index increased by 18.1 per cent during April to October, 2022-23 over corresponding period of the previous year. Fertilizers production, having 2.63 per cent weight, increased by 5.4 per cent in October, 2022 over October, 2021 and its cumulative index increased by 10.5 per cent during April to October, 2022-23 over the corresponding period of previous year.

Steel production, having 17.92 per cent weight, increased by 4.0 per cent in October, 2022 over October, 2021 and its cumulative index increased by 6.1 per cent during April to October, 2022-23 over the corresponding period of previous year. Electricity generation, having 19.85 per cent weight, increased by 0.4 per cent in October, 2022 over October, 2021 and its cumulative index increased by 9.3 per cent during April to October, 2022-23 over the corresponding period of previous year.

On the other hand, Crude Oil production, having 8.98 per cent weight, declined by 2.2 per cent in October, 2022 over October, 2021 and its cumulative index declined by 1.4 per cent during April to October, 2022-23 over the corresponding period of previous year. Natural Gas production, having 6.88 per cent weight, declined by 4.2 per cent in October, 2022 over October, 2021, while its cumulative index increased by 0.9 per cent during April to October, 2022-23 over the corresponding period of previous year. 

Petroleum Refinery production, having 28.04 per cent weight, declined by 3.1 per cent in October, 2022 over October, 2021, while its cumulative index increased by 8.1 per cent during April to October, 2022-23 over the corresponding period of previous year. Cement production, having 5.37 per cent weight, declined by 4.3 per cent in October, 2022 over October, 2021, while its cumulative index increased by 8.6 per cent during April to October, 2022-23 over the corresponding period of previous year.

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