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8 Core Industries' Output Contracts 8.5% in August Due to Fall in Steel and Cement Production

Image used for representation.

Image used for representation.

Barring coal and fertiliser, all sectors -- crude oil, natural gas, refinery products, steel, cement and electricity -- recorded negative growth in August.

Contracting for the sixth consecutive month, the output of eight core infrastructure sectors dropped by 8.5% in August, mainly due to decline in production of steel, refinery products and cement. The production of eight core sectors had contracted 0.2% in August 2019, showed data released by the Commerce and Industry Ministry on Wednesday.

Barring coal and fertiliser, all sectors -- crude oil, natural gas, refinery products, steel, cement and electricity -- recorded negative growth in August. During April-August 2020-21, the sectors' output dipped by 17.8% as compared to a growth of 2.5% in the same period previous year.


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