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Core sector growth hits 6-month high of 5.2% in Sept

Wednesday, November 01, 2017

Eight core sectors grew to a six-month high of 5.2% in September, helped by a robust performance in coal, natural gas and refinery segments, official data showed yesterday. The eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had witnessed a growth of 5.3% in September last year.

The expansion in September is highest since April, when the core sectors' growth stood at 2.6%. The production of coal, natural gas and refinery products rose by 10.6%, 6.3% and 8.1%, respectively on annual basis, according to the data released by the commerce and industry ministry.

Crude oil output registered a growth of 0.1% during the month under review as compared to a contraction of 4.1% in September 2016. On the other hand, growth rate of steel and cement production was slower in September this year as against the same month previous fiscal.

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