Core Sector Output (Index of Core Industries)
Latest reading: 4.8 % y-o-y for August 2026 (-0.2 pp MoM).
Core Sector Output (Index of Core Industries)
Combined output growth of nine core infrastructure industries (coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, electricity and iron ore), which carry a large share of the IIP weight. Base year 2022-23.
What it means
Combined output growth of nine core infrastructure industries (coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, electricity and iron ore), which carry a large share of the IIP weight. Base year 2022-23.
Aug 2026 provisional; index 119.2. July 2026 final revised DOWN to 5.0% (index 120.8) from 5.4% provisional; delta uses revised July. Growth in cement 12.5%, electricity 11.6%, iron ore 5.5%, steel 3.4%, refinery products 2.6%; contraction in coal -3.8%, natural gas -4.9%, crude oil -3.6%, fertilizers -12.4%. Apr-Aug cumulative 4.3%. Title updated to reflect the nine-industry series. Next release date stated in the press note.
Release details
- Category
- REAL ECONOMY
- Frequency
- MONTHLY
- Previous
- 5.0
- Benchmark
- MacroNest anchor: growth above 4%
- Released
- 2026-09-21
- Next release
- 2026-10-21
- Source
- Office of the Economic Adviser — Index of Core Industries Press Release
Key questions about Core Sector Output (Index of Core Industries)
What is the current Core Sector Output (Index of Core Industries)?
Core Sector Output (Index of Core Industries) stands at 4.8 % y-o-y for August 2026, against 5.0 % y-o-y previously (-0.2 pp MoM). Combined output growth of nine core infrastructure industries (coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, electricity and iron ore), which carry a large share of the IIP weight. Base year 2022-23.
Who publishes the Core Sector Output (Index of Core Industries) data?
Core Sector Output (Index of Core Industries) is published by Office of the Economic Adviser — Index of Core Industries Press Release on a monthly basis. Release window: ~20th of following month. The next update is expected on 2026-10-21.
What is a healthy level for Core Sector Output (Index of Core Industries)?
The reference benchmark used on MacroNest is: MacroNest anchor: growth above 4%. The latest reading of 4.8 % y-o-y is currently assessed as "Moderating, three-month low".
Why does Core Sector Output (Index of Core Industries) matter?
Real economy indicators measure actual output and activity, giving the clearest read on whether growth momentum is building or fading. Combined output growth of nine core infrastructure industries (coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, electricity and iron ore), which carry a large share of the IIP weight. Base year 2022-23.