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Core sector output contracts 5.2% in Sep, against 4.3% growth a year ago

Production of seven sectors of coal, crude oil, natural gas, refinery products, cement, steel, and electricity contracted in September

Press Trust of India 

Core sector output worst in 52 months; MPC may cut rates to prop up growth

Output of core infrastructure industries shrank by 5.2 per cent in September 2019 as seven of eight sectors witnessed negative growth, according to official data released on Thursday.

The eight core sectors had expanded by 4.3 per cent in September 2018.

Production of seven sectors of coal, crude oil, natural gas, refinery products, cement, steel, and electricity contracted in September.

Fertilizers production increased by 5.4 per cent in September 2019 over the year-ago month.

During the April-September period, the growth of core industries fell to 1.3 per cent against 5.5 per cent in the year-ago period.

First Published: Thu, October 31 2019. 17:26 IST
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