Core sector grows 6.8% in November – The Economic Times–02.01.2018

A steep rise in output of cement and steel pushed up the growth of the core sector to a 13-month high of 6.8% in November from 5% in October.

Official data released by commerce and industry ministry on Monday showed a 17.3% rise in cement output and 16.6% increase in steel production in November compared with a 1.3% fall and 8.4% growth, respectively in October.

The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, constitute 40.27% of the total industrial production.

November IIP numbers will be released on January 12 and analysts expect it to be between 5-6%. Factory output had slowed to 2.2% in October.

Coal output declined 0.2% in November compared with 3.9% increase in October. Refinery production rose 8.2% versus 7.5% in October.

Crude oil output rose a marginal 0.2% and electricity production was up 1.9% in November.

Natural gas and fertilisers showed a 2.4% and 0.3% increase in production last month respectively.

via Core sector grows 6.8% in November – The Economic Times

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