Core Sector Output Slows Down To 4.5% In July

The output of these infrastructure sectors had expanded by 13.2% in June.

<div class="paragraphs"><p>Source: Unsplash</p></div>
Source: Unsplash

The output of eight core infrastructure sectors slowed down to 4.5% in July -- the lowest in six months -- against 9.9% in the year-ago period, according to official data released on Wednesday.

The output of these infrastructure sectors expanded by 13.2% in June, 19.3% in May, 9.5% in April, 4.8% in March, 5.9% in February and 4% in January.

The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 11.5% in April-July this fiscal against 21.4% a year ago. Crude oil and natural gas production contracted by 3.8% and 0.3%, respectively, during the month under review.