Eight core sectors growth slumps to 3.6% in May - News Summed Up

Eight core sectors growth slumps to 3.6% in May


The growth of eight core sectors slowed to 3.6% in May due to fall in output of coal, fertiliser and steel. The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- was 5.2 % in May last year. Steel output dipped to 3.7 % last month as against 13.4 % in May 2016. Natural gas production too grew by 4.5 % in May as against a negative growth rate of 6.5 % a year earlier. In April, these eight sectors had recorded a growth rate of 2.8 %.


Source: dna June 30, 2017 12:22 UTC



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