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Home Business News Eight core industries' output contracts 2.6% in November - Times of India

Eight core industries’ output contracts 2.6% in November – Times of India

NEW DELHI: The output of eight core industries dropped for the ninth consecutive month in November, government data released on Thursday showed.
The production of eight core sectors contracted by 2.6 per cent in November as against a growth of 0.7 per cent recorded in the same period last year.
Barring coal, fertiliser and electricity, all sectors — crude oil, natural gas, refinery products, steel and cement — recorded negative growth in November 2020.
During April-November, the sectors’ output dropped by 11.4 per cent as compared to a growth of 0.3 per cent in the same period of the previous year.
While coal production increased by 2.9 per cent, electricity sector output grew by 2.9 per cent and 2.2 per cent during the period under review. Fertiliser sector growth stood at 1.6 per cent as against 13.6 per cent in the same month last year.
The output of crude oil, natural gas, refinery products, steel and cement declined by (-)4.9 per cent, (-)9.3 per cent, (-)4.8 per cent, (-)4.4 per cent, and (-)7.1 per cent, respectively.
(With PTI inputs)

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