Index of Eight Core Industries recorded 8.1% growth in September 2023 on an annual basis

Index of Eight Core Industries recorded 8.1% growth in September 2023 on an annual basis.
In August 2023, the Index of Eight Core Industries had grown 12.1%.
Index of Eight Core Industries grew 7.8% YoY during April and September 2023-24.
In September 2023, positive growth was recorded in the production of coal, steel, electricity, natural gas, refinery products, cement and fertilisers over the corresponding month of last year.
In September 2023, coal sector output grew 16.1%. It was higher than 12.1% in September 2022. It was lower than the 17.9% output of the coal sector in August 2023.
The output of the crude oil sector declined marginally by 0.4% in September 2023. A decline of 2.3% was recorded in September 2022. In August 2023, the output of the crude oil sector grew by 2.1%.
The output of natural gas and refinery products increased 6.5% and 5.5%, respectively, in September 2023.
The output of fertilisers grew 4.2%. The output of steel and cement increased 9.6% and 4.7% each.
Electricity sector output declined from 15.3% in August 2023 to 9.3% in September 2023.