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Growth of eight core sector industries unchanged at 4.7% in October

During April-October, the annual output growth slowed down to 3.5% as against 5.6% in the comparable period of the last fiscal

Press Trust of India  |  New Delhi 

Growth of eight core sector industries unchanged at 4.7% in October

Eight core sectors grew at a slower pace of 4.7% in October, chiefly due to subdued performance of cement, and refinery segments. The eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had clocked a growth of 7.1% in October last year. Meanwhile, the industry ministry has revised downwards September growth print of these eight sectors to 4.7% from the earlier estimate of 5.2%. Official data released this evening showed that cement production contracted by 2.7% as against an expansion of 6.2% in October 2016. Graph Source: Commerce department Output growth in the segment too slowed to 8.4% in the last month compared to 17.4% in the year- ago period. Similarly, there was slowdown in refinery output, whose growth was 7.5% in October this year.

This compares with 12.6% expansion in the same month last year. Electricity generation, too, was slower on an annual basis. Meanwhile, the coal segment has shown significant improvement as it expanded by 3.90%. It witnessed a decline of 1.9% in the year-ago period. The fertiliser sector grew by 3% as against 0.7% last year. Crude oil production and natural gas output have shown improvement, too. Cumulatively, the growth in the eight core sectors slowed down to 3.5% as against 5.6% in the comparable period of the last fiscal. The eight core industries constitute 40.27% of weight of items in the index of industrial production (IIP).

First Published: Fri, December 01 2017. 02:31 IST
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