Construction sector shows mixed picture, services sector reflect resilient economic activity
Reserve Bank of India (RBI) stated in a latest monthly update that Port traffic contracted in November 2024, driven by iron ore and petroleum, oil and, lubricants. The construction sector exhibited a mixed picture; steel consumption recorded a double-digit growth (y-o-y) in November whereas cement production growth decelerated in October. Available high frequency indicators for the services sector reflect resilient economic activity in October/November.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 26 2024 | 1:05 PM IST