30.10.09

Core sector growth slips to 4% in Sept


After showing a healthy expansion of 7.1% in August, the growth in core infrastructure sector dropped to 4% in September, making analysts wonder whether robust industrial recovery can be sustained. The coal and cement which had led the chart in August by showing an impressive growth of 12.9% and 17.6% respectively, slipped to 6.5% each in September, according to the official data released On year-on-year basis, the September growth this fiscal of the six sectors - cement, coal, steel, electricity, crude, oil and petroleum refinery products — remained unchanged at four per cent. The index of the core industries, which account for a quarter of the nation's industrial production, had helped the factory output reach a robust 10.4% growth in August. With infrastructure growth slipping again, it is a matter of debate if the August performance of the total industrial production can be repeated in September.

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