Core sector growth slows to 0.1% in October
The Hindu
Natural gas production shrank for the fourth successive month, by 4.2% in October
India’s eight core sectors’ output growth slowed sharply to just 0.1% in October 2022, from 7.8% a month earlier, marking the slowest pace in at least a year, with cement and refinery products slipping into contraction and electricity generation rising just 0.4%.
While coal, fertilisers, cement and electricity had clocked double-digit output growth in September, October saw a moderation in growth for coal and fertilisers to just 3.6% and 5.4%, respectively, while cement production shrank 4.3%.
Natural gas production shrank for the fourth successive month, by 4.2% in October, the sharpest decline in at least 12 months. Crude oil output dipped for the fifth month in a row, but the contraction was the lowest in four months at 2.2%.
Steel output rose 4% in October, reflecting the slowest growth since this July.
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