Core sector output contracted for the fourth straight month in June

Contracting for the fourth consecutive month, the output of eight core infrastructure industries shrank by 15 per cent in June resulting from fall within the manufacturing of coal, crude oil, pure fuel, metal, cement and electrical energy. The eight core sectors had expanded by 1.2 per cent in June 2019, knowledge launched by the Commerce and Industry Ministry on Friday confirmed.

Barring fertiliser, all seven sectors – coal, crude oil, pure fuel, refinery merchandise, metal, cement, and electrical energy – had recorded damaging development in May.

The output of coal, crude oil, pure fuel, refinery merchandise, metal, cement and electrical energy declined by 15.5 per cent, 6 per cent, 12 per cent, 8.9 per cent, 33.Eight per cent, 6.9 per cent, and 11 per cent, respectively.
During April-June 2020-21, the sector”s output dipped by 24.6 per cent as in comparison with a optimistic development of three.four per cent in the identical interval earlier 12 months.

These eight industries account for 40.27 per cent within the Index of Industrial Production (IIP). In May, the sectors’ output contracted by 22 per cent.

(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)



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