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Business News

Oct 31, 2018
7:42PM

Growth of 8 infrastructure sectors slows down to 4.3% in September

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Growth of eight infrastructure sectors slowed down to 4.3 per cent in September this year, the lowest in the last four months, as production of crude oil and natural gas declined.

According to the data released today by the commerce and industry ministry, Fertiliser grew by 2.5 percent, cement by 11.8 per cent, and electricity output grew by 8.2 per cent.

However, the growth of coal declined to 6.4 per cent, refinery products to 2.5 per cent and steel sectors fell to 3.2 per cent.

The output of crude oil dipped by 4.2 per cent and natural gas by 1.8 per cent in the month under review.

Previously, the lowest growth rate was in May 2018 when the core sectors expanded at 4.1 per cent.
Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 4.7 per cent in September last year.

These eight segments comprise more than 40 per cent of the weight of items included in the Index of Industrial Production.
 

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