rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Core sector growth slows to 2.1%

Core sector growth slows to 2.1%

Last updated on: September 28, 2012 12:34 IST

Core sector growth slows to 2.1%

     Next

Next

Eight core industries grew at a slower pace of 2.1 per cent in August, as against 3.8 per cent in the same month last year due to negative growth in crude oil, natural gas, fertiliser and cement.

During April-August this fiscal, the growth has slowed to 2.8 per cent, from 5.5 per cent in the year ago period, according to official data released on Friday.

"The moderation in growth was on account of the negative growth in the production of natural gas, cement, fertilisers and crude oil, besides a decline in the growth rates of steel and electricity production," it said.

Click NEXT to read further. .


Photographs: Reuters
Tags:

     Next

Core sector growth slows to 2.1%

Prev     Next
Prev

Next

Natural gas and crude oil production contracted by (-) 13.5 per cent and (-) 0.6 per cent, respectively in August.

Fertiliser and cement output also shrunk by (-) 2.1 per cent and (-) 2.4 per cent during the month under review.

Steel and electricity production slowed to 1.8 per cent and 1.7 per cent, respectively. In the comparable month, it was 7.9 per cent and 9.4 per cent in that order.

Click NEXT to read further. . .


Photographs: Reuters
Tags:

Prev     Next

Core sector growth slows to 2.1%

Prev     More
Prev

More

However, coal and petroleum refinery output grew by 11 per cent and 8.4 per cent in August, against (-) 15.2 per cent and 3.8 per cent respectively.

The eight core sector industries have a weight of 37.9 per cent in the overall Index of Industrial Production.

The growth in core sector industries in May, June and July, too, had moderated to 4 per cent, 3.6 per cent and 1.8 per cent.

In the same months last year, it was 5.9 per cent , 5.6 per cent and 8.2 per cent respectively.


Photographs: Reuters
Tags:

Prev     More
© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.