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Regular-article-logo Saturday, 06 July 2024

Core infrastructure sector contracts for the sixth month

The eight core sectors had contracted 0.2 per cent in August 2019

Our Special Correspondent New Delhi Published 01.10.20, 04:28 AM
Barring coal and fertiliser, all sectors — crude, gas, refinery, steel, cement and electricity — contracted in August

Barring coal and fertiliser, all sectors — crude, gas, refinery, steel, cement and electricity — contracted in August Shutterstock

The core infrastructure sector contracted for the sixth month in August to 8.5 per cent, mainly because of a decline in steel, refinery products and cement output.

The eight core sectors had contracted 0.2 per cent in August 2019. The figure was revised in July to (-) 8 per cent from (-) 9.6 per cent previously. Barring coal and fertiliser, all sectors — crude, gas, refinery, steel, cement and electricity — contracted in August.

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