The growth of eight core
sectors slowed to 3.6 per cent in May due to fall in output of coal, fertiliser
The growth rate of eight
infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel,
cement and electricity -- was 5.2 per cent in May last year.
Coal and fertiliser
productions recorded negative growth of 3.3 per cent and 6.5 per cent,
respectively, as per the government data released today.
Steel output dipped to
3.7 per cent last month as against 13.4 per cent in May 2016.
Slow growth in key
sectors would also have implications on the Index of Industrial Production (IIP) number as these segments account for about 41 per cent to
the total factory output.
However, growth in
refinery products and electricity output grew by 5.4 per cent and 6.4 per cent
in May as against 3.3 per cent and 6.2 per cent, respectively in the same
period last year.
Natural gas production too grew by 4.5 per cent in May as against a negative growth rate
of 6.5 per cent a year earlier.
In April, these eight sectors had recorded a
growth rate of 2.8 per cent.