Core sector growth slips to 5.1 per cent in September news
07 November 2008

The index of core sector industrial production, which tracks the performance of six major industrial groups in the country, grew at a slower pace of 5.1 per cent against 5.8 per cent in the same month last year.

The index of six core (infrastructure) industries having a combined weight of 26.7 per cent in the index of industrial production (with base 1993-94) stood at 237.9 (provisional) in September 2008 and registered a growth of 5.1 per cent (provisional) compared to a growth of 5.8 per cent in September 2007, a government release said. 

For the April-September period of the current fiscal, the six core sector industries registered a growth of 3.9 per cent (provisional) as against 6.9 per cent during the corresponding period of the previous year.

Crude oil production registered a negative growth of 0.4 per cent (provisional) in September 2008 compared to a growth rate of (-) 0.7 per cent in September 2007. For the April-September period, crude oil production registered a growth of (-) 0.8 per cent (provisional) compared to 0.7 per cent during the same period of 2007-08.

Petroleum refinery production registered a growth of 2.8 per cent (provisional) in September 2008 compared to growth of 6.9 per cent in September 2007. During the April-September period, petroleum refinery production registered a growth of 4.5 per cent (provisional) compared to 9.8 per cent during the same period of 2007-08.

Coal production registered a growth of 10.7 per cent (provisional) in September 2008 compared to growth rate of 6.3 per cent in September 2007. For April-September, production grew by 7.9 per cent (provisional) compared to an increase of 2.8 per cent during the same period of 2007-08. 

Electricity generation registered a growth of 4.4 per cent (provisional) in September 2008 compared to a growth rate of 4.3 per cent in September 2007. For April-September 2008-09, electricity generation grew 2.6 per cent (provisional) compared to 7.6 per cent during the same period of 2007-08.

Cement production registered a growth of 7.9 per cent (provisional) in September 2008 compared to 5.4 per cent in September 2007. For the April-September period, production grew by 6.0 per cent (provisional) compared to an increase of 8.7 per cent during the same period of 2007-08.
 
Finished (carbon) steel production registered a growth of 5.8 per cent (provisional) in September 2008 compared to 9.5 per cent (estimated) in September 2007. For April-September production grew by 5.3 per cent (provisional) compared to an increase of 7.7 per cent during the same period of 2007-08.


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Core sector growth slips to 5.1 per cent in September