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The mixed Index of Eight Core Industries (ICI) elevated by 3.8per cent (provisional) in December 2023 as in comparison with the Index of December 2022. The manufacturing of Coal, Pure Fuel, Metal, Fertilizers, Refinery Merchandise, Cement and Electrical energy recorded optimistic development in December 2023. The small print of annual and month-to-month indices and development charges are supplied at Annex I and Annex II respectively.
The ICI measures mixed and particular person efficiency of manufacturing of eight core industries viz. Cement, Coal, Crude Oil, Electrical energy, Fertilizers, Pure Fuel, Refinery Merchandise and Metal. The Eight Core Industries comprise 40.27 % of the load of things included within the Index of Industrial Manufacturing (IIP).
The ultimate development charge of Index of Eight Core Industries for September2023 is revised to 9.4per cent. The cumulative development charge of ICI throughout April to December, 2023-24is 8.1per cent(provisional) as in comparison with the corresponding interval of final 12 months.
The abstract of the Index of Eight Core Industries is given under:
Cement – Cement manufacturing (weight: 5.37 per cent) elevated by 1.3 per cent in December, 2023 over December, 2022. Its cumulative index elevated by 9.2 per cent throughout April to December, 2023-24 over corresponding interval of the earlier 12 months.
Coal – Coal manufacturing (weight: 10.33 per cent) elevated by 10.6 per cent in December, 2023 over December, 2022. Its cumulative index elevated by 12.5 per cent throughout April to December, 2023-24 over corresponding interval of the earlier 12 months.
Crude Oil – Crude Oil manufacturing (weight: 8.98 per cent) decreased by 1.0 per cent in December, 2023 over December, 2022. Its cumulative index declined by 0.3 per cent throughout April to December, 2023-24 over corresponding interval of the earlier 12 months.
Electrical energy – Electrical energy technology (weight: 19.85 per cent) elevated by 0.6 per cent in December, 2023 over December, 2022. Its cumulative index elevated by 6.9 per cent throughout April to December, 2023-24 over corresponding interval of the earlier 12 months.
Fertilizers – Fertilizer manufacturing (weight: 2.63 per cent) elevated by 5.8 per cent in December, 2023 over December, 2022. Its cumulative index elevated by 6.2 per cent throughout April to December, 2023-24 over corresponding interval of the earlier 12 months.
Pure Fuel – Pure Fuel manufacturing (weight: 6.88 per cent) elevated by 6.6 per cent in December, 2023 over December, 2022. Its cumulative index elevated by 5.6 per cent throughout April to December, 2023-24 over corresponding interval of the earlier 12 months.
Petroleum Refinery Merchandise – Petroleum Refinery manufacturing (weight: 28.04 per cent) elevated by 2.6 per cent in December, 2023 over December, 2022. Its cumulative index elevated by 4.7 per cent throughout April to December, 2023-24 over corresponding interval of the earlier 12 months.
Metal – Metal manufacturing (weight: 17.92 per cent) elevated by 5.9 per cent in December, 2023 over December, 2022. Its cumulative index elevated by 13.3 per cent throughout April to December, 2023-24 over corresponding interval of the earlier 12 months.
Word 1: Knowledge for October, 2023, November, 2023 and December, 2023are provisional. Index numbers of Core Industries are revised /finalized as per up to date information from supply businesses.
Word 2: Since April 2014, Electrical energy technology information from Renewable sources are additionally included.
Word 3: The industry-wise weights indicated above are particular person {industry} weights derived from IIP and blown up on professional rata foundation to a mixed weight of ICI equal to 100.
Word 4: Since March 2019, a brand new metal product known as Sizzling Rolled Pickled and Oiled (HRPO) beneath the merchandise ‘Chilly Rolled (CR) coils’ inside the manufacturing of completed metal has additionally been included.
Word 5: Launch of the index for January, 2024 might be on Thursday twenty ninth February, 2024.
Annex I Efficiency of Eight Core Industries Yearly Index & Development FeeBase Yr: 2011-12=100 Index
*Provisional
Development Charges (on Y-o-Y foundation in per cent)
*Provisional. YoY is calculated over the corresponding monetary 12 months of earlier 12 months
Annex II Efficiency of Eight Core Industries Month-to-month Index & Development FeeBase Yr: 2011-12=100 Index
*Provisional
Development Charges (on Y-o-Y foundation in per cent)
*Provisional. YoY is calculated over the corresponding month of earlier 12 months. |
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