Business Standard

Eight core sectors' growth slows to five-month low of 4% in December 2017

It was 7.4% in November; performance of coal and crude oil most negative

Core sector
Premium

Press Trust of India New Delhi
Growth of the eight core sectors slowed to a five-month low of 4% in December 2017 due to negative performance of segments like coal and crude oil, official data showed today.

The output growth recorded in December is the lowest since July 2017, when these core sectors had witnessed 2.9% expansion.

These eight industries -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had witnessed a growth of 5.6% in December 2016.

The output of coal and crude oil sectors contracted 0.1% and 2.1% respectively during the month under review.

Growth in steel and electricity generation slowed to 2.6%

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2018 | 6:21 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com