The combined index of eight major industries rose 6 percent in February compared with a year ago. According to data released by the central government this Friday, the production of Fertilizers, Coal, Electricity, Cement, Steel, Refinery Products and Natural Gas increased in February 2023 compared to the corresponding month of last year.

The production of the main sectors had increased by 8.9% in January 2023. Except for crude oil, all segments registered an increase in production. Crude oil production contracted 4.9% in February. The growth rate of eight infrastructure sectors, coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity, stood at 7.8 percent in April-February this fiscal year compared to 11 .1 percent during the same period of the previous year. year.

The central sector or key infrastructure industries, which have a weight of 40.27 percent in the general industrial production index (IIP), would influence the industrial production data for the month.

The summary of the Eight Major Industries Index is presented below:

Coal: Coal production (weight: 10.33%) increased 8.5% in February 2023 over February 2022. Its cumulative index increased 15.2% from April to February 2022-23 over to the corresponding period of the previous year.

Crude Oil: Crude oil production (weight: 8.98%) decreased 4.9% in February 2023 compared to February 2022. Its cumulative index decreased 1.6% from April to February 2022-23 with respect to the corresponding period of the previous year. .

Natural Gas – Natural gas production (weight: 6.88%) increased 3.2% in February 2023 compared to February 2022. Its cumulative index increased 1.5% from April to February 2022-23 with respect to the corresponding period of the previous year.

Petroleum Refinery Products: Petroleum refinery production (weight: 28.04%) increased 3.3% in February 2023 compared to February 2022. Its cumulative index increased 5.2% from April to February from 2022-23 with respect to the corresponding period of the previous year. year.

Fertilizers – Fertilizer production (weight: 2.63%) increased by 22.2% in February 2023 compared to February 2022. Its cumulative index increased by 11.5% from April to February 2022-23 compared to to the corresponding period of the previous year.

Steel: Steel production (weight: 17.92 percent) increased 6.9 percent in February 2023 from February 2022. Its cumulative index increased 7.5 percent during April to February 2022- 23 compared to the corresponding period of the previous year.

Cement – Cement production (weight: 5.37 percent) increased 7.3 percent in February 2023 compared to February 2022. Its cumulative index increased 9.7 percent during April to February 2022- 23 compared to the corresponding period of the previous year.

Electricity – Electricity generation (weight: 19.85 percent) increased 7.6 percent in February 2023 compared to February 2022. Its cumulative index increased 9.9 percent during April to February 2022- 23 compared to the corresponding period of the previous year.