Index of Eight Core Industries

In January 2022, compared to the same time period last year, the growth rate of eight core industries stood at 3.7 percent. The Ministry of Commerce announced this.

Overview:

  • The core industries growth rate was 11.6 percent for the nine-month period between April and January.
  • The eight-core sectors natural gas, coal, petroleum refinery products, crude oil, steel, fertilizers, power, and cement grew by 4.1 percent In December 2021.
  • In January 2022, production of natural gas, coal, steel, refinery products, power, and cement, increased compared to the same month in the previous year.
  • In January 2022, the combined Index of the Eight Core Industries stood at 144.4 which increased by 3.7 percent as compared to January 2021 index.

Increase in Coal Production

In January 2022, coal production increased by 8.2 percent, while its cumulative index increased by 10.3 percent from April to January as compared to the same time period of the previous year.

Increase in Petroleum Refinery Production

In January 2022, petroleum refineries production increased by 3.7 percent, while the cumulative index increased by 9.3 percent from April to January.

Increase in Steel Production

In January 2022, steel production increased by 2.8%, while the cumulative index increased by 19.9% from April to January.

Increase in Cement Production

In January 2022, cement production increased by 13.6 percent, while the cumulative index increased by 24.6 percent in the nine months ending in January 2022.

Increase in Electricity Generation

Electricity generation increased by 0.5 percent, while the cumulative index increased by 8.5 percent from April to January.

Decrease in Crude Oil Production

Crude oil production, declined last month. It fell by 2.4 percent, and the cumulative index fell by 2.6 percent in the nine months ending in January 2022.

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