STOCK MARKET BSE NSE

Eight core sectors growth slows down to 0.2 per cent in June

The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.8 per cent in June last year.

Published: 31st July 2019 06:53 PM  |   Last Updated: 31st July 2019 06:53 PM   |  A+A-

sensex, nifty, stock exchange, shares

For representational purposes (File Photo | Reuters)

By PTI

NEW DELHI: Growth of eight core industries dropped to 0.2 per cent in June mainly due to a contraction in oil-related sectors as well as in cement production, according to official data.

The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.8 per cent in June last year.

According to the data released by the government, crude oil output contracted by 6.8 per cent while the refinery segment de-grew by 9.3 per cent.

The cement output declined by 1.5 pe cent.

Snapping its two-month declining trend, the production of fertilisers grew by 1.5 per cent.

Steel and electricity production, however, increased by 6.9 per cent and 7.3 per cent, respectively, during the month under review.

During April-June, the eight sectors grew by 3.5 per cent compared to 5.5 per cent in the same period last year.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp