Core sector output up 7 per cent in October

Core infrastructure industries that have a weight of 26.7 per cent in the Index of Industrial Production IIP,is expected to show a positive impact on the October IIP,likely to be released next month.

However,amid the overall good performance of core infrastructure activity,coal and petroleum refinery output remained areas of concern. While petroleum refinery products showed a deceleration of 4.8 per cent,coal could barely grow by 0.8 per cent in October. Cement with 16.8 per cent and crude oil with 13.7 per cent growth emerged as the top infrastructure performers in October. The April-October cumulative performance remained unchanged at 4.5 per cent from the previous year.