Wednesday, April 14

Eight main industries’ output contracts 2.6% in November

Eight main industries’ output contracts 2.6% in November

NEW DELHI: The output of 8 core industries dropped for the ninth consecutive thirty day period in November, government knowledge launched on Thursday confirmed.
The manufacturing of eight core sectors contracted by 2.6 per cent in November as towards a progress of .7 for every cent recorded in the exact interval last year.
Barring coal, fertiliser and electric power, all sectors — crude oil, natural fuel, refinery goods, metal and cement — recorded unfavorable growth in November 2020.
Through April-November, the sectors’ output dropped by 11.4 per cent as in comparison to a growth of .3 per cent in the exact period of the preceding yr.
Though coal output improved by 2.9 for each cent, electrical power sector output grew by 2.9 for every cent and 2.2 for every cent all through the time period under critique. Fertiliser sector advancement stood at 1.6 per cent as in opposition to 13.6 per cent in the very same thirty day period past yr.
The output of crude oil, normal gas, refinery products and solutions, metal and cement declined by (-)4.9 per cent, (-)9.3 for every cent, (-)4.8 per cent, (-)4.4 per cent, and (-)7.1 for every cent, respectively.
(With PTI inputs)

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