Eight core industries output down 4th month in a row, shrinks 15% in June

The eight core sectors had expanded by 1.2 per cent in June 2019, govt data showed

Contracting for the fourth consecutive month, the output of eight core infrastructure industries shrank by 15 per cent in June due to fall in the production of coal, crude oil, natural gas, steel, cement and electricity.

The eight core sectors had expanded by 1.2 per cent in June 2019, data released by the Commerce and Industry Ministry on Friday showed.

Barring fertiliser, all seven sectors - coal, crude oil, natural gas, refinery products, steel, cement, and electricity - had recorded negative growth in May.

The output of coal, crude oil, natural gas, refinery products, steel, cement and electricity declined by 15.5 per cent,