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Core sector growth slowest in 4 months, expands 4.3% in September

IIP numbers for September will be crucial as this is one of the last important data before the Q2 GDP figures are released by end-November

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Indivjal Dhasmana New Delhi
The eight-industry core sector grew at 4.3 per cent in September, the slowest in four months, dragged down by lower crude oil and natural gas output. In August, it had grown by 4.7 per cent.

This will have repercussions for industrial production growth in the month as well, as the core sector has 40.27 per cent weight in the index of industrial production (IIP). The IIP growth had fallen to a four-month low of 4.3 per cent in August.

The IIP numbers for September will be crucial as this is one of the last important data before the second quarter

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First Published: Oct 31 2018 | 8:15 PM IST

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