Core sector growth slows to 6.3% in May
Business Standard|June 29, 2024
Growth in the output of eight key infrastructure industries known as the core sector - slowed to 6.3 per cent in May from 6.7 per cent in April.
SHIVA RAJORA
Core sector growth slows to 6.3% in May

The slowdown was on the back of a sequential deceleration in the output growth of six sectors during the month.

According to the data released by the ministry of commerce and industry on Friday, output decelerated in sectors like natural gas (7.5 per cent), refinery products (0.5 per cent) and steel (7.6 per cent) during May.

Meanwhile, the output of fertilisers (-1.7 per cent), cement (-0.8 per cent) and crude oil (-1.1 per cent) contracted during the month. However, the growth in output of coal (10.2 per cent) and electricity (12.8 per cent) accelerated in May.

In May 2023, the core sector had recorded a growth of 5.2 per cent.

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