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Core sector growth slows down to 0.1% in Oct

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Press Trust of India New Delhi

Growth of eight infrastructure industries slowed down to 0.1% in October this year, from 7.2% expansion witnessed in the same month last year.

The eight industries -- crude oil, petroleum refinery products, natural gas, fertilisers, coal, electricity, cement and finished steel-- have a weight of 37.90% in the overall Index of Industrial Production (IIP).

Barring electricity, cement and steel, all the remaining segments registered negative growth in October 2011.

Electricity and steel output grew by 4.9% and 3.8% in October against 8.5% and 13.4% respectively in the same month last year, according to the provisional data released today.

No growth was recorded in cement production in October, while the same was 18.5% in the year-ago month.

 

Coal and crude oil production contracted by 9% and 0.9% respectively in the month under the review against 0.7% and 13.7% expansion in the comparable period last year.

Natural gas and petroleum refinery products coal output contracted by 7.4% and 2.8% in October 2011, respectively.

In the same month last year, the sectors had witnessed a growth of 6.5% and (-) 4.8%.

Fertiliser output declined by 2.1% in October. It was (-) 0.2% in the same period last year.

During April-October 2011-12, the growth of core industries slowed down to 4.3% from 5.9% in the same quarter last year.

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First Published: Nov 30 2011 | 7:07 PM IST

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