8 Core Industries’ Output Declines in August

As per latest government reports, the output of the eight Core Sector Industries dropped by 0.5% in August 2019 as compared to 4.7% growth at the same time last year.

Crux of the Matter

1. Coal saw the biggest decline in output at 8.6%.

2. Crude oil, natural gas, cement and electricity industry outputs declined by 5.4%, 3.9%, 4.9% and 2.9% respectively.

3. Steel production grew by 5%. Fertilizers and refinery products grew by at 2.9% and 2.6% respectively.

4. Decline in cement and weak growth in steel indicate slow down in construction, real estate and auto sectors

Curiopedia

Index of Eight Core Industries – It contains index, production and growth of Eight Core Industries. Eight Core Industries are electricity, steel, refinery products, crude oil, coal, cement, natural gas and fertilizers. The Index of Eight Core Industries is a monthly production index, which is also considered as a lead indicator of the monthly industrial performance. The Index of Eight Core Industries is compiled based on the monthly production information received from the Source Agencies. More Info

Curated Coverage

1. Hindustan Times – Output of 8 core sector industries declines by 0.5% in August

2. Business Standard News – Core sector output declines by 0.5% in August vs 4.7% growth a year ago

3. CNBCTV18 – Slowdown blues: Output from 8 core sectors down 0.5% in August

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