Business Standard

Output of 8 core infra sectors contracts 8.5% in Aug, drops for sixth month

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

growth, core sector, industry, production

During April-August 2020-21, the sectors' output dipped by 17.8 per cent

Press Trust of India New Delhi

Contracting for the sixth consecutive month, the output of eight core infrastructure sectors dropped by 8.5 per cent in August, mainly due to decline in production of steel, refinery products and cement.

The production of eight core sectors had contracted 0.2 per cent in August 2019, showed data released by the Commerce and Industry Ministry on Wednesday.

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

During April-August 2020-21, the sectors' output dipped by 17.8 per cent as compared to a growth of 2.5 per cent in the same period previous year.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 30 2020 | 5:22 PM IST

Explore News