pennews
www.pennews.net
Core industries output in October at -5.8 pc Vs -5.1 per cent in Sept
Economy

Core industries output in October at -5.8 pc Vs -5.1 per cent in Sept

Agency News

New Delhi, Nov 29: The combined Index of Eight Core Industries declined by -5.8 per cent as compared to -5.1 per cent in September, according to government data on Friday.

Its cumulative growth during April to October 2019-20 was 0.2 per cent. Coal production declined by 17.6 per cent in October 2019 over October 2018. Its cumulative index declined by 5.8 per cent during April to October 2019-20 over corresponding period of the previous year.

Crude Oil production declined by 5.1 per cent in October over the same month last year. Its cumulative index declined by 5.8 per cent during April to October 2019-20over the corresponding period of previous year. The Natural Gas production declined by 5.7 per cent in October while Petroleum Refinery production increased by 0.4 per cent in October 2019 over the same month last year.

Fertilizers production increased by 11.8 per cent while steel production declined by 1.6 per cent in October over the same month last year.

Cement production declined by 7.7per cent in while Electricity generation declined by 12.4 per cent in October 2019 over the same month last year, said Ministry of Commerce and Industry statement.

The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). (UNI)