April 2019: Core Sector Growth Slips to 2.6%

Core sector growth slipped to 2.6% in April from 4.9% in the month before, marking a slow start in the first month of the new financial year.

The index of eight core sector industries measures output of infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity.

These eight core industries have 41% weight in the index of industrial production, suggesting softness in industrial production. Industrial production had contracted 0.1% in March. IIP numbers for April will be released on June 12. Coal output rose 2.8%, electricity generation rose 5.8%. Refinery products output was up 4.3%.

No comments: