Eight core sectors’ output grew 3.1% in November

The production of sectors including coal, natural gas, refinery products, fertilisers, steel and electricity increased in November 2021 over the corresponding period of last year, data shows.

Production of coal increased by 8.2% in November 2021 over the corresponding period last year. In October, coal production had grown 14.6% year-on-year. Crude oil production declined by 2.2%, it had declined by a similar proportion in October as well.

Petroleum refinery products production rose by 4.3% in November year-on-year. In October, the production in this industry had grown 14.4% over the corresponding period last year. Cement production saw a decline of 2.2% in November while it had grown 11.3% year-on-year in October.

ET Online

The growth rate of these infrastructure industries in the period between April to November stood at 13.7% (provisional) year-on-year.

The Index of Core Industries measures the output of eight infrastructure sectors: coal, steel, cement, fertiliser, electricity, natural gas, refinery products and crude oil. Do note, the eight-core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP), making it a lead indicator of industrial activity.