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Eight core industries' output contracts for the 5th consecutive month in July, moves down by 9.6 pct Eight Core Industry

Eight core industries' output contracts for the 5th consecutive month in July, moves down by 9.6 pct

India Blooms News Service | @indiablooms | 31 Aug 2020, 05:24 pm

New Delhi: The output of eight core infrastructure industries moved down for the fifth consecutive month in July as it touched 9.6 percent, as per government data released on Monday.

"The combined Index of Eight Core Industries stood at 119.9 in July, 2020, which declined by 9.6 (provisional) per cent as compared to the Index of July, 2019," read a government statement.

"Its cumulative growth during April to July, 2020-21 was -20.5%," it said.

Final growth rate of Index of Eight Core Industries for April’2020 is revised at -37.9%.The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

 The summary of the Index of Eight Core Industries is given below:

Coal- Coal production (weight: 10.33per cent) declinedby 5.7 per cent in July, 2020 over July,2019. Its cumulative index declined by 12.9per cent during April toJuly, 2020-21over corresponding period of the previous year.

Crude Oil-Crude Oil production (weight: 8.98per cent) declined by 4.9 per cent inJuly, 2020 over July,2019. Its cumulative index declined by 6.1 per cent during April toJuly, 2020-21over the corresponding period of previous year.

Natural Gas- The Natural Gas production (weight:6.88per cent) declinedby10.2 per cent in July, 2020 over July,2019. Its cumulative index declined by 14.7 per cent during April to July, 2020-21 over the corresponding period of previous year.

Refinery Products- Petroleum Refinery production (weight: 28.04per cent) declined by13.9 per cent in July, 2020 over July,2019. Its cumulative index declinedby 17.1per cent during April to July, 2020-21over the corresponding period of previous year.

Fertilizers-Fertilizers production (weight: 2.63 per cent) increased by 6.9 per cent in July,2020 overJuly,2019. Its cumulative index increasedby 3.9 per cent during April toJuly, 2020-21 over the corresponding period of previous year.

Steel-Steel production (weight: 17.92per cent)declinedby 16.4 per cent inJuly, 2020 over July,2019. Its cumulative index declined by 42.0per centduring April to July, 2020-21 over the corresponding period of previous year.

Cement- Cement production (weight:5.37per cent) declinedby13.5per cent inJuly, 2020overJuly,2019. Its cumulative index declinedby32.2per centduring April to July, 2020-21over the corresponding period of previous year.

Electricity- Electricity generation (weight:19.85per cent) declinedby2.3per centin July,2020over July,2019. Its cumulative indexdeclined by 12.4per cent duringApril to July, 2020-21over the corresponding period of previous year.