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Thursday, September 23, 2021

June core output jumps 8.9% on low base, high natural gas, steel output

The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 12.4 per cent in June 2020 due to the lockdown restrictions.

By: ENS Economic Bureau | New Delhi |
July 31, 2021 3:52:00 am
june core sector growthIn May this year, these key sectors had recorded a growth of 16.3 per cent, while it was 60.9 per cent in April. (Representative image)

The output of eight core sectors grew 8.9 per cent in June, mainly due to a low base effect and uptick in production of natural gas, steel, coal and electricity, official data showed on Friday.

The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 12.4 per cent in June 2020 due to the lockdown restrictions imposed to control the spread of coronavirus infections.

In May this year, these key sectors had recorded a growth of 16.3 per cent, while it was 60.9 per cent in April.

According to the Commerce Ministry data, production of coal, natural gas, refinery products, steel, cement and electricity jumped by 7.4 per cent, 20.6 per cent, 2.4 per cent, 25 per cent, 4.3 per cent and 7.2 per cent, respectively, in June 2021. The same stood at (-) 15.5 per cent, (-) 12 per cent, (-) 8.9 per cent, (-) 23.2 per cent, (-) 6.8 per cent and (-) 10 per cent in the year-ago month.

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