Indian benchmark indices close positive on Friday in anticipation of GST roll out, Index of Eight Core Industry for May published
Top gainers on Friday included ITC, Bank of Baroda, Sun Pharma, Tata Steel,BPCL, Cipla, and Dr Reddy's Labs while Hero Motocorp, ICICI Bank, HDFC, Tech Mahindra, Tata Power, Reliance and Bharti Airtel declined.
The Union Ministry of Commerce & Industry announced the index of eight core industries (Base: 2011-12=100) for May, 2017 on Friday.
According to the release, the Eight Core Industries comprise 40.27 peer cent of the weight of items included in the Index of Industrial Production (IIP).
The combined Index of Eight Core Industries stands at 126.4 in May, 2017, which was 3.6 per cent higher compared to the index of May, 2016.
Its cumulative growth during April to May, 2017-18 was 3.2 per cent.
Coal production (weight: 10.33%) declined by 3.3% in May, 2017 over May, 2016. Its cumulative index declined by 3.3% during April to May, 2017-18 over corresponding period of the previous year.
Crude Oil production (weight: 8.98 %) increased by 0.7% in May, 2017 over May, 2016. Its cumulative index increased by 0.1% during April to May, 2017-18 over the corresponding period of previous year.
The Natural Gas production (weight: 6.88 %) increased by 4.5 % in May, 2017 over May, 2016. Its cumulative index increased by 3.3% during April to May, 2017-18 over the corresponding period of previous year.
Petroleum Refinery production (weight: 28.04%) increased by 5.4% in May, 2017 over May, 2016. Its cumulative index increased by 2.8% during April to May, 2017-18 over the corresponding period of previous year.
Fertilizer production (weight: 2.63%) declined by 6.5% in May, 2017 over May, 2016. Its cumulative index declined by 0.8 % during April to May, 2017-18 over the corresponding period of previous year.
Steel production (weight: 17.92%) increased by 3.7% in May, 2017 over May, 2016. Its cumulative index increased by 6.3% during April to May, 2017-18 over the corresponding period of previous year.
Cement production (weight: 5.37%) increased by 1.8% in May, 2017 over May, 2016. Its cumulative index declined by 0.3 % during April to May, 2017-18 over the corresponding period of previous year.
Electricity generation (weight: 19.85%) increased by 6.4% in May, 2017 over May, 2016. Its cumulative index increased by 5.9% during April to May, 2017-18 over the corresponding period of previous year. Since April, 2014, Electricity generation data from Renewable sources are also being included.
The ministry in its note said that the data for March, 2017, April, 2017 and May, 2017 are provisional.The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.
Release of the index for June, 2017 will be on Monday, July 31, 2017.
Image: Wikimedia Commons
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