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HomeUncategorizedEight core sector growth slows to 3-month low of 1.1pc in July

Eight core sector growth slows to 3-month low of 1.1pc in July

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Growth of the eight core industries slowed to a three month low of 1.1 per cent in July as compared to the 3.1 per cent in the same period a year ago, government showed on Monday.

Its accumulative growth during April to July, 2015-16 stood at 2.1 per cent.

In July of 2014, the core sectors had grown by 3.1 per cent, which was the highest in 4 months during the period.

The eight sectors contribute 38 per cent to the overall industrial production, a parameter that the Reserve Bank takes into account while framing its monetary policy.

Coal production increased by 0.3 per cent in July, 2015 over July, 2014. Its cumulative index during April to June, 2015-16 increased by 5.7 per cent over corresponding period of previous year.

Petroleum Refinery production increased by 2.9 per cent. Its cumulative index during April to June, 2015-16 increased by 3.9 per cent over the corresponding period of previous year.

Crude oil production, natural gas and steel production declined by 0.4 per cent, 4.4 per cent and 2.6 per cent respectively while that of fertilizer and cement increased by 8.6 per cent and 1.3 per cent in July.

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