Construction sector shows mixed picture, services sector reflect resilient economic activity

Reserve Bank of India (RBI) stated in a latest monthly update that Port traffic contracted in November 2024, driven by iron ore and petroleum, oil and, lubricants. The construction sector exhibited a mixed picture; steel consumption recorded a double-digit growth (y-o-y) in November whereas cement production growth decelerated in October. Available high frequency indicators for the services sector reflect resilient economic activity in October/November.

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