Core sector growth accelerates in June
02/08/2016 14:09
The country’s infrastructure sector grew at the fastest pace in two months in June 2016, signaling a pickup in Asia’s third biggest economy.
Output of the eight core industries that include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity and have a 38 per cent weightage in the Index of Industrial Production (IIP), climbed by 5.2 per cent in June 2016 from the same month a year ago, government data showed.
In May 2016, core sector growth came in at 2.8 per cent, year-on-year, while the same stood at 3.1 per cent in June 2015.
Coal sector grew at 12 per cent, year-on-year in June 2016, the fastest among the eight infrastructure sectors, while cement output rose 10.3 per cent in the same period.
Fertilizer production climbed 9.8 per cent in June, refinery production expanded 3.5 per cent, electricity generation rose 8.1 per cent, and steel output increased 2.4 per cent, while output of crude oil and natural gas climbed 4.3 per cent and 4.5 per cent, respectively.
Robust crore sector growth is expected to be reflected in June’s IIP data. In May 2016, India’s industrial output rose 1.2 per cent from the same month a year ago.
02/08/2016 14:09
Output of the eight core industries that include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity and have a 38 per cent weightage in the Index of Industrial Production (IIP), climbed by 5.2 per cent in June 2016 from the same month a year ago, government data showed.
In May 2016, core sector growth came in at 2.8 per cent, year-on-year, while the same stood at 3.1 per cent in June 2015.
Coal sector grew at 12 per cent, year-on-year in June 2016, the fastest among the eight infrastructure sectors, while cement output rose 10.3 per cent in the same period.
Fertilizer production climbed 9.8 per cent in June, refinery production expanded 3.5 per cent, electricity generation rose 8.1 per cent, and steel output increased 2.4 per cent, while output of crude oil and natural gas climbed 4.3 per cent and 4.5 per cent, respectively.
Robust crore sector growth is expected to be reflected in June’s IIP data. In May 2016, India’s industrial output rose 1.2 per cent from the same month a year ago.
