Feb core industries move up at 5.5 per cent Vs 1.4 pc in Jan
New Delhi/UNI: Eight sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity -- expanded in February 2020 by 5.5 per cent against 1.4 per cent in January.
The improvement in the index was led by Electricity, coal, cement and refinery products.
Its cumulative growth during April to February, 2019-20 was 1.0 per cent.
Coal production increased by 10.3 per cent in February 2020 over the same monthe last year.
Its cumulative index declined by 1.2 per cent during April to February, 2019-20 over corresponding period of the previous year.
Crude Oil production declined by 6.4 per cent and Natural Gas by 9.6 per cent in February 2020 over February 2019.
Petroleum Refinery production increased by 7.4 per cent in February over the same month last year. Its cumulative index increased by 0.3 per cent during April to February 2019-20 over the corresponding period of previous year.
Fertilizers production increased by 2.9 per cent in February over the same month last year. Its cumulative index increased by 4.1 per cent during April to February, 2019-20 over the corresponding period of previous year.
Steel production declined by 0.4 per cent while Cement production increased by 8.6 per cent in February 2020 over the same month previous year.
The cumulative index of Cement increased by 1.8 per cent during April to February 2019-20 over the corresponding period of previous year.
Electricity generation increased by 11 per cent in February 2020 over February 2019. Its cumulative index increased by1.8per cent during April to February, 2019-20 over the corresponding period of previous year.
The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
