Core industries’ growth slows to 1.9 % in Sept.

November 01, 2014 12:20 am | Updated 12:20 am IST - NEW DELHI:

Growth of the eight core industries dropped to 1.9 per cent in September from 9 per cent in the same month last year due to fall in output of crude oil, natural gas, refinery products and fertilizer.

The growth stood at 5.8 per cent in August.

Crude oil, natural gas, refinery products and fertilizer output registered a drop of 1.1 per cent, 6.2 per cent, 2.5 per cent and 11.6 per cent, respectively, in the month under review, according to the data released by the Commerce and Industry Ministry.

Expansion in other four sectors — coal, cement, steel and electricity — stood at 7.2 per cent, 3.2 per cent, 4 per cent and 3.8 per cent, respectively, against a rise of 13.6 per cent, 12.1 per cent, 10.7 per cent and 12.9 per cent rise, respective, in September, 2013.

During the April-September period, the eight sectors grew by 4 per cent against 5 per cent in the same period a year-ago.

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