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Business News

Jul 31, 2018
9:12PM

Eight core sector industries' growth climbs to 6.7 per cent in June

Eight core sector industries registered seven-month high growth of 6.7 per cent in June this year. 

According to the data released today by the commerce and industry ministry, eight sectors including coal, refinery products, fertilisers, steel and cement showed better performance due to better outcome by cement, refinery and coal segments. 

The release said that the expansion in cement was 13.2 per cent, in refinery products 12 per cent and coal 11.5 per cent year-on-year basis.

Crude oil registered a negative growth of 3.4 per cent while natural gas witnessed a negative growth of  2.7 per cent in June compared to the year-ago period. 

Steel sector, however, witnessed a slower growth of 4.4 per cent compared to 6 per cent in June 2017.  The core sector had logged 3.6 per cent growth in May 2017, which was a 10-month low due to a decline in production of crude oil and natural gas.

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