Wednesday, April 1, 2009

>Index of Six Infrastructure Industries (INDIA CAPITAL MARKETS)

India’s ISII Growth - Sectoral - Sequential Period

• Overall Index of six Key Infrastructure Production (Electricity, Finished Steel, Crude Oil, Coal, Cement & Petroleum Refinery Products) - for India grew at 2.2% against 7.0% in Feb’08 and 1.5% in Jan’08.

• On a monthly basis, it has grown negatively at -3.5% in Feb’09. One of the major reason for this negative growth could be less number of working days in the month of February.

• The cement segment continues to post decent growth figures. The coal segment too has posted decent yearly growth on high base suggesting the continuing momentum in the sector. The steel production too has hold out this month. The crude oil and petrochemical segments are still under pressure. The electricity segment has once again grown negatively, however on a yearly basis it has posted 2.2% growth.

• The index is the barometer of the infrastructure activities and investment in the country as it includes all the key industries falling under the infrastructure.

• The IISL has a combined weight of 26.7% in the total IIP. Now a low growth in the infrastructure sector shows the possible signs of worse performance in overall IIP growth in Feb’09.

• The IISL growth for Jan ’09 was revised upwards to 1.5% compared to 1.4% provisional, owing to upward revision in Petroleum Refinery Products. The final revision for Nov ’08 IISL growth remains unchanged.

To see full report: ISII METER