Indian Core Industries Index rises by 7.8%

Ministry of Commerce & Industry30-August, 2011 17:48 IST

Index of Eight Core Industries (Base: 2004-05=100) July 2011

The Index of Eight core industries having a combined weight of 37.90 per cent in the Index of Industrial Production (IIP) with base 2004-05 stood at 143.22 in July 2011 and registered a growth of 7.8% compared to 5.7% registered in July 2010.  During April-July 2011-12, eight core industries registered a growth of 5.8% as against 6.5% during the corresponding period of the previous year 2010-11. Coal Coal production (weight of 4.38% in the IIP) registered a growth of 2.4% in July 2011 compared to growth of 4.5% in July 2010. Coal production grew by 0.7% during April-July 2011-12 compared to an increase of 0.6% during the same period of 2010-11.  Crude Oil Crude Oil production (weight of 5.22% in the IIP) registered a growth of 1.4 % in July 2011 compared to a growth of 15.8% in July2010. The Crude Oil production registered a growth of 7.3% during April-July 2011-12 compared to 8.4% during the same period of 2010-11. Natural Gas Natural Gas production (weight of 1.71% in the IIP) registered a growth of (-) 8.2% in July 2011 compared to growth of 20.0% in July2010. The Natural Gas production registered a growth of (-) 9.7% during April-July 2011-12 compared to 32.3% during the same period of 2010-11. Petroleum Refinery Products Petroleum refinery production (weight of 5.94% in the IIP) registered a growth of 3.9% in July 2011 compared to growth of 13.7% inJuly 2010. The Petroleum refinery production registered a growth of 4.9% during April-July 2011-12 compared to 7.3% during the same period of 2010-11. Fertilizers Fertilizer production (weight of 1.25% in the IIP) registered a growth of (-) 1.6% in July 2011 compared to (-) 0.3% in July2010.Fertilizer production grew by 0.4% during April-July 2011-12 compared to an increase of (-) 2.0% during the same period of 2010-11.  Steel (Alloy + Non-Alloy) Steel production (weight of 6.68% in the IIP) registered a growth of 15.5% in July 2011 compared to (-) 2.9% in July 2010. Steel production grew by 10.1% during April-July 2011-12 compared to an increase of 5.5% during the same period of 2010-11. Cement Cement production (weight of 2.41% in the IIP) registered a growth of 10.6% in July 2011 compared to (-) 0.2% in July 2010. Cement Production grew by 1.8% during April-July 2011-12 compared to an increase of 5.3% during the same period of 2010-11. Electricity Electricity generation (weight of 10.32% in the IIP) registered a growth of 13.0% in July 2011 compared to a growth of 4.2% in July2010. Electricity generation grew by 9.4% during April-July 2011-12 compared to 5.3% during the same period of 2010-11.

Next Week..? relief Rally in offing..? International data

A vary few hours from now P.M.I. of China will be out, shaking the hang over over, of last week. The Debt deal and US politicians got the highest T.R.P. and may continue next week. The good Employment data and excellent reports were shrugged off. The premier currency nose dived and international confidence is shaken of course not yet stirred.
                     The Calendar below shows the International data list for lack of time. Manufacturing Indices, M.V. Sales and US Employment Report shall take the stage and US Budget may enlightening new realities.

Date	Time GMT		Event	Importance	Actual	Forecast	Previous	Notes
Sun Jul 31	23:01		GBP Lloyds Business Barometer (JUL)	Low			36
	23:30		AUD AiG Performance of Manufacturing Index (JUL)	Medium			52.9
Mon Aug 1			JPY Official Reserve Assets (JUL)	Low			$1137.8B
			GBP Halifax Plc House Prices s.a. (MoM) (JUL)	Low		0.0%	1.2%
			GBP Halifax House Price (3MoY) (JUL)	Low		-2.8%	-3.5%
	01:00		NZD ANZ Commodity Price (JUL)	Low			-1.2%
	01:00		CNY PMI Manufacturing (JUL)	High		50.2	50.9
	01:00		AUD HIA New Home Sales (MoM) (JUN)	Medium			-0.2%
	02:30		CNY HSBC Manufacturing PMI (JUL)	Low			50.1
	05:00		JPY Vehicle Sales (YoY) (JUL)	Low			-23.3%
	07:45		EUR Italian Purchasing Manager Index Manufacturing (JUL)	Low		49.0	49.9
	07:50		EUR French Purchasing Manager Index Manufacturing (JUL F)	Low		50.1	50.1
	07:55		EUR German Purchasing Manager Index Manufacturing (JUL F)	Medium		52.1	52.1
	08:00		EUR Italian Unemployment Rate (SA) (JUN P)	Low			8.1%
	08:00		EUR Euro-Zone Purchasing Manager Index Manufacturing (JUL F)	Medium		50.4	50.4
	08:30 LIVE		GBP Purchasing Manager Index Manufacturing (JUL)	Medium		51.0	51.3
	09:00		EUR Euro-Zone Unemployment Rate (JUN)	Medium		9.9%	9.9%
	14:00		USD Construction Spending (MoM) (JUN)	Medium		-0.1%	-0.6%
	14:00		USD ISM Manufacturing (JUL)	High		55.0	55.3
	14:00		USD ISM Prices Paid (JUL)	Medium		64.0	68.0
	16:00		EUR Italian New Car Registrations (YoY) (JUL)	Low			-1.7%
	17:00		EUR Italian Budget Balance (euros) (JUL)	Low			1.3B
	17:00		EUR Italian Budget Balance (euros) (YTD) (JUL)	Low			-43.5B
	22:45		NZD Average Hourly Earnings (QoQ) (2Q)	Medium		0.8%	0.3%
	22:45		NZD Private Wages ex Overtime (QoQ) (2Q)	Low		0.5%	0.4%
	22:45		NZD Labor Cost Private Sector (QoQ) (2Q)	Low
	23:50		JPY Monetary Base (YoY) (JUL)	Low			17.0%
Tue Aug 2	01:30		AUD House Price Index (QoQ) (2Q)	Medium		-1.0%	-1.7%
	01:30		AUD House Price Index (YoY) (2Q)	Medium		-3.0%	-0.2%
	01:30		JPY Labor Cash Earnings (YoY) (JUN)	Medium		0.4%	1.0%
	01:30		AUD Building Approvals (MoM) (JUN)	Low		3.0%	-7.9%
	01:30		AUD Building Approvals (YoY) (JUN)	Low		-10.3%	-14.4%
	04:30 LIVE		AUD Reserve Bank of Australia Rate Decision	High		4.75%	4.75%
	06:30		AUD RBA Commodity Price Index (JUL)	Low			109.4
	06:30		AUD RBA Commodity Index SDR (YoY) (JUL)	Low			28.2%
	07:15		CHF Retail Sales (Real) (YoY) (JUN)	Medium			-4.1%
	07:30		CHF SVME-Purchasing Managers Index (JUL)	Medium		52.5	53.4
	08:30		GBP Purchasing Manager Index Construction (JUL)	Medium		53.1	53.6
	09:00		EUR Euro-Zone Producer Price Index (MoM) (JUN)	Medium		0.1%	-0.2%
	09:00		EUR Euro-Zone Producer Price Index (YoY) (JUN)	High		5.9%	6.2%
	12:30		USD Annual Revisions: Personal Income and Spending	Low
	12:30		USD Personal Income (JUN)	Medium		0.2%	0.3%
	12:30		USD Personal Spending (JUN)	Medium		0.2%	0.0%
	12:30		USD Personal Consumption Expenditure Deflator (YoY) (JUN)	Low			2.5%
	12:30		USD Personal Consumption Expenditure Core (MoM) (JUN)	Medium		0.2%	0.3%
	12:30		USD Personal Consumption Expenditure Core (YoY) (JUN)	Low		1.4%	1.2%
	21:00		USD Total Vehicle Sales (JUL)	Low		11.85M	11.41M
	21:00		USD Domestic Vehicle Sales (JUL)	Low		9.30M	8.95M
	23:01		GBP BRC Shop Price Index (YoY) (JUL)	Low			2.9%
	23:30		AUD AiG Performance of Service Index (JUL)	Medium			48.5
Wed Aug 3	01:00		CNY China Non-manufacturing PMI (JUL)	Medium			57
	01:30		AUD Retail Sales s.a. (MoM) (JUN)	Medium		0.4%	-0.6%
	01:30		AUD Trade Balance (Australian dollar) (JUN)	Medium		2200M	2333M
	02:30		CNY China HSBC Services PMI (JUL)	Low			54.1
	06:00		CHF UBS Real Estate Bubble Index (2Q)	Low			0.63
	06:30		AUD Foreign Reserves (Australian dollar) (JUL)	Low			A$41.1B
	07:15		EUR French Purchasing Manager Index Services (JUL F)	Low		54.2	54.2
	07:45		EUR Italian Purchasing Manager Index Services (JUL)	Low			47.4
	07:55		EUR German Purchasing Manager Index Services (JUL F)	Medium		52.9	52.9
	08:00		EUR Euro-Zone Purchasing Manager Index Composite (JUL F)	Medium		50.8	50.8
	08:00		EUR Euro-Zone Purchasing Manager Index Services (JUL F)	Medium		51.4	51.4
	08:30		GBP Purchasing Manager Index Services (JUL)	Medium		53.2	53.9
	08:30		GBP Official Reserves (Changes) (JUL)	Low			-$148M
	09:00		EUR Euro-Zone Retail Sales (MoM) (JUN)	Medium		0.5%	-1.0%
	09:00		EUR Euro-Zone Retail Sales (YoY) (JUN)	High		-1.0%	-1.8%
	11:00		USD MBA Mortgage Applications	Low			-5.0%
	11:30		USD Challenger Job Cuts (YoY) (JUL)	Low			5.3%
	12:15		USD ADP Employment Change (JUL)	Medium		100K	157K
	14:00 LIVE		USD ISM Non-Manufacutring Composite (JUL)	Medium		53.8	53.3
	14:00		USD Factory Orders (JUN)	Medium		-0.5%	0.8%
	14:30		USD DOE U.S. Crude Oil Inventories	Low			2296K
	14:30		USD DOE Cushing OK Crude Inventory	Low			430K
	14:30		USD DOE U.S. Distillate Inventory	Low			3385K
	14:30		USD DOE U.S. Gasoline Inventories	Low			1022K
	14:30		USD DOE U.S. Refinery Utilization	Low			-2.00%
	22:45		NZD Participation Rate (QoQ) (2Q)	Low		68.4%	68.7%
	22:45		NZD Employment Change (QoQ) (2Q)	Medium		0.0%	1.4%
	22:45		NZD Unemployment Rate (2Q)	Medium		6.5%	6.6%
	22:45		NZD Employment Change (YoY) (2Q)	Medium		2.0%	1.8%
Thu Aug 4	04:00		USD ICSC Chain Store Sales YoY (JUL)	Medium			6.9%
	04:00		GBP New Car Registrations (YoY) (JUL)	Low			-6.2%
	04:00		JPY Bank of Japan Rate Decision	High			0.10%
	04:00		JPY Tokyo Avg Office Vacancies (%) (JUL)	Low			8.81
	10:00		EUR German Factory Orders s.a. (MoM) (JUN)	Medium		-0.2%	1.8%
	10:00		EUR German Factory Orders n.s.a. (YoY) (JUN)	Medium		6.8%	12.2%
	11:00		GBP BOE Asset Purchase Target (AUG)	High		200B	200B
	11:00		GBP Bank of England Rate Decision	High		0.50%	0.50%
	11:45 LIVE		EUR European Central Bank Rate Decision	High		1.50%	1.50%
	12:00		USD RBC Consumer Outlook Index (AUG)	Low			43.7
	12:30		USD Initial Jobless Claims	Low		406K	398K
	12:30		USD Continuing Claims	Low			3703K
	13:45		USD Bloomberg Consumer Comfort (JUL 31)	Low			-46.8
	14:30		USD EIA Natural Gas Storage Change	Low			43
	23:01		GBP Lloyds Employment Confidence (JUL)	Medium			-50
	23:30		AUD AiG Performance of Construction Index (JUL)	Medium			35.8
Fri Aug 5	05:00		JPY Coincident Index (JUN P)	Low		108.7	106.3
	05:00		JPY Leading Index (JUN P)	Medium		103.4	99.6
	06:45		EUR French Trade Balance (euros) (JUN)	Low		-6500M	-7422M
	07:00		CHF Foreign Currency Reserves (JUL)	Low			196.0B
	07:15		CHF Consumer Price Index (MoM) (JUL)	Medium		-0.6%	-0.2%
	07:15		CHF Consumer Price Index (YoY) (JUL)	Medium		0.7%	0.6%
	07:15		CHF CPI - EU Harmonised (MoM) (JUL)	Medium			0.0%
	07:15		CHF CPI - EU Harmonised (YoY) (JUL)	Medium			0.6%
	08:00		EUR Italian Industrial Production s.a. (MoM) (JUN)	Low		0.2%	-0.6%
	08:00		EUR Italian Industrial Production w.d.a. (YoY) (JUN)	Low		1.8%	1.8%
	08:00		EUR Italian Industrial Production n.s.a. (YoY) (JUN)	Low			4.9%
	08:30		GBP Producer Price Index Input n.s.a. (MoM) (JUL)	Low		0.7%	0.4%
	08:30		GBP Producer Price Index Input n.s.a. (YoY) (JUL)	Low		18.7%	17.0%
	08:30		GBP Producer Price Index Output n.s.a. (MoM) (JUL)	Low		0.2%	0.1%
	08:30		GBP Producer Price Index Output n.s.a. (YoY) (JUL)	Medium		5.8%	5.7%
	08:30		GBP Producer Price Index Output Core n.s.a. (MoM) (JUL)	Low		0.2%	0.2%
	08:30		GBP Producer Price Index Output Core n.s.a. (YoY) (JUL)	Medium		3.2%	3.2%
	09:00		EUR Italian Gross Domestic Product s.a. and w.d.a. (QoQ)	Low		0.3%	0.1%
	09:00		EUR Italian Gross Domestic Product s.a. and w.d.a. (YoY)	Low		0.8%	1.0%
	10:00		EUR German Industrial Production s.a. (MoM) (JUN)	Medium		0.0%	1.2%
	10:00		EUR German Industrial Production n.s.a. and w.d.a. (YoY) (JUN)	Medium		8.1%	7.6%
	11:00 LIVE		CAD Unemployment Rate (JUL)	High		7.4%	7.4%
	11:00 LIVE		CAD Net Change in Employment (JUL)	High		20.0K	28.4K
	11:00		CAD Full Time Employment Change (JUL)	Medium			7.3
	11:00		CAD Part Time Employment Change (JUL)	Medium			21.1
	11:00 LIVE		CAD Participation Rate (JUL)	Medium			66.9
	12:30		CAD Building Permits (MoM) (JUN)	Low		-5.0%	20.9%
	12:30 LIVE		USD Change in Non-farm Payrolls (JUL)	High		98K	18K
	12:30		USD Change in Private Payrolls (JUL)	Medium		123K	57K
	12:30		USD Change in Manufacturing Payrolls (JUL)	Low		10K	6K
	12:30		USD Unemployment Rate (JUL)	High		9.2%	9.2%
	12:30		USD Avg Hourly Earnings (MoM) (JUL)	Medium		0.2%	0.0%
	12:30		USD Avg Hourly Earnings (YoY) (JUL)	Medium		1.9%	1.9%
	12:30		USD Avg Weekly Hours All Employees (JUL)	Low		34.3	34.3
	12:30		USD Change in Household Survey Employment (JUL)	Low			-445
	14:00		CAD Ivey Purchasing Managers Index (JUL)	Medium		64.6	68.2
	14:00		CAD Ivey Purchasing Managers Index s.a. (JUL)	Medium		62.9	59.9
	19:00		USD Consumer Credit (JUN)	Medium