Eight core industries’ output contracts 1.3% in December

The output of eight core infrastructure sectors contracted by 1.3 per cent in December 2020 dragged down by poor present by crude oil, pure gasoline, refinery merchandise, fertiliser, metal and cement sectors.
The manufacturing of eight core sectors had expanded by 3.1 per cent in December 2019, in accordance with the info launched by the Commerce and Industry Ministry on Friday.
Barring coal and electrical energy, all sectors recorded adverse progress in December 2020.

During April-December 2020-21, the sectors’ output dropped by 10.1 per cent in opposition to a progress price of 0.6 per cent in the identical interval of the earlier 12 months.
The output of crude oil, pure gasoline, refinery merchandise, fertiliser, metal and cement declined by 3.6 per cent, 7.2 per cent, 2.8 per cent, 2.9 per cent, 2.7 per cent, and 9.7 per cent, respectively.

The eight core industries represent 40.27 per cent of the Index of Industrial Production.