Rise in petroleum production drives core sector output to 11-month high

Grows by 5.5% in Feb, driven by petroleum production, rise in electricity output

A sudden uptick in petroleum production pushed up the output of the eight core sectors to an 11-month high of 5.5 per cent in February, after January’s output was revised to a reduced 1.4 per cent.
 

Core sector output had contracted for four months till November, with a broad-based decline gripping most sectors. As a result, core sector output in the April-February period dropped to 1 per cent, compared to 4 per cent in the corresponding period last year.
 

Output rose for the third straight month in February, mainly on the back of growth in refinery products, as well as