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Eight core industries output down 4th month in a row, shrinks 15% in June

The eight core sectors had expanded by 1.2 per cent in June 2019, govt data showed

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Core sectors | infrastructure

Press Trust of India  |  New Delhi 

Steel, iron, metal, manufacturing, core sector, industries, manufacturing
These eight industries account for 40.27 per cent in the Index of Industrial Production

Contracting for the fourth consecutive month, the output of eight core industries shrank by 15 per cent in June due to fall in the production of coal, crude oil, natural gas, steel, cement and electricity.

The eight had expanded by 1.2 per cent in June 2019, data released by the Commerce and Industry Ministry on Friday showed.

Barring fertiliser, all seven sectors - coal, crude oil, natural gas, refinery products, steel, cement, and electricity - had recorded negative growth in May.

The output of coal, crude oil, natural gas, refinery products, steel, cement and electricity declined by 15.5 per cent, 6 per cent, 12 per cent, 8.9 per cent, 33.8 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 compared to a positive growth of 3.4 per cent in the same period previous year.

These eight industries account for 40.27 per cent in the Index of Industrial Production (IIP).

In May, the sectors' output contracted by 22 per cent.

First Published: Fri, July 31 2020. 17:39 IST
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