Core sectors’ growth hits over 1-yr high of 6.8% in November

Eight core sectors expanded at the fastest pace in more than a year at 6.8 per cent in November 2017 on account of robust performance in segments like refinery, steel and cement, official data showed.

The output growth for the month under review is highest since October 2016, when these core sectors had witnessed 7.1 per cent rise.

These eight industries — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — had witnessed a growth of 3.2 per cent in November 2016.

The output of refinery products, steel and cement rose by 8.2 per cent, 16.6 per cent and 17.3 per cent, respectively on an annual basis in November 2017, according to the data released by the Commerce and Industry ministry.

Crude oil and natural gas output too registered a positive growth during the month under review.

On the other hand, coal output growth rate recorded a negative growth during the month.

(Agencies)

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