Eight core industries’ output contracts 1.3% in December


New Delhi, January 29

The output of eight core infrastructure sectors contracted for the third month in a row by 1.3% in December 2020, dragged down by poor show by crude oil, natural gas, refinery products, fertiliser, steel and cement sectors. The core sectors had expanded by 3.1% in December 2019, according to the provisional data released by the Commerce and Industry Ministry on Friday.

BARRING COAL, POWER, ALL SECTORS SHRINK

  • Barring coal and electricity, all sectors recorded negative growth
  • During April-Dec FY21, the sectors’ output declined by 10.1% against a growth of 0.6% in the same period previous year

Barring coal and electricity, all sectors recorded negative growth in December 2020.

During April-December 2020-21, the sectors’ output declined by 10.1% against a growth rate of 0.6% in the same period of the previous year.

The output of crude oil, natural gas, refinery products, fertiliser, steel and cement declined by 3.6%, 7.2%, 2.8%, 2.9%, 2.7%, and 9.7%, respectively.

The growth in coal production slowed down to 2.2% in the month under review from 6.1% in the same month last year. However, electricity output grew by 4.2% in December 2020.

The eight core industries constitute 40.27% of the Index of Industrial Production. — PTI



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