January core sector growth at 1.8%

The HSBC manufacturing PMI shows the economy slowed in February as well. With the PMI index falling to 51.2 from 52.9 in January.

India's infrastructure sectors like coal, electricity cement and steel are all slowing down according to the January core sector data.

Likewise the HSBC manufacturing PMI shows the economy slowed in February as well. With the PMI index falling to 51.2 from 52.9 in January.

Following is the sectrowise chart:                          

Growth        JAN (%)     APR2014-JAN2015 (%)

COAL             1.7           8.1

CRUDE         -2.3          -1

NAT GAS     -6.6         -5.2

REF PDTS     4.7          0.1

FERT              7.1           -0.5

STEEL             1.6          1.6

CEMENT       0.5           7.1 

ELEC               2.7            8.9

OVERALL      1.8            4.1

The core sectgor number for the month of October and November was 6.7 percent, 6.3 respectively and then it had slowed to 2.4 percent because of big base in the month of December.

The crude oil production is down by 2.3 percent, natural gas production is down a bit. Coal output falling too is a very big disappointment because for the past 4-5 months it was doing well. Similarly, fertiliser was a negative number in December

Stay tuned for more

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