Last Updated : Jun 30, 2020 05:55 PM IST | Source: Moneycontrol.com

COVID-19 impact | May core sector output contracts 23.4%

Excluding fertilisers, all other seven sectors -- coal, crude oil, natural gas, refinery products, steel, cement, and electricity - recorded negative growth in May

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The output of India's eight core sectors contracted 23.4 percent month-on-month in May due to the impact of the COVID-19 lockdown, data from the Commerce and Industry Ministry released on June 30 showed.

These eight core sectors or industries account for over 40 percent of the Index of Industrial Production (IIP).

 

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Other than fertiliser, all seven sectors - coal, crude oil, natural gas, refinery products, steel, cement, and electricity - recorded negative growth in May. 

For April-May 2020, the core sector output dipped 30 percent versus a 4.5 percent drop in the year-ago period.

Here's how the data looked for all eight sectors.

Eight Core Industries growth  at -23.4% versus -37.0% (MoM)


Coal Output growth at -14% versus -15.5% (MoM)


Crude Oil Output growth at  -7.1% versus -6.4% (MoM)


Natural Gas Output growth at -16.8% versus -19.9% (MoM)


Refinery Output growth at -21.3% versus -24.2% (MoM)


Fertiliser Output Growth at 7.5% versus -4.5% (MoM)


Steel Output growth at -48.4% versus -78.7% (MoM)


Cement Output growth at -22.2% versus -85.3% (MoM)

Electricity Output growth at -15.6% versus 23% (MoM)

First Published on Jun 30, 2020 05:51 pm
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