Home Business Core sector growth falls to 13 month low ln Feb

Core sector growth falls to 13 month low ln Feb

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Growth of the country’s eight core sectors slipped to an over one-year low of 1 per cent in February this year. This was mainly due to a fall in output of crude oil, natural gas, refinery products, fertiliser and cement. The eight core sectors had expanded 9.4 per cent in February last year, and 3.4 per cent in January this year.

According to Commerce and Industry ministry data, crude oil output contracted 3.4 percent in February this year, natural gas output shrank 1.7 percent, refinery products output fell 2.3 percent, fertiliser output declined 5.3 percent, and cement output dropped 15.8 per cent during the month. But coal and steel production recorded positive growth during the month.

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