The key infrastructure sector industries reported weak performance by registering a dismal growth of 2.3 per cent during December. The economists feel the trend is likely to continue during the remaining part of the fiscal.
During the month, steel and crude oil showing negative growth. The six infrastructure industries in December reported the second-lowest growth during 2008-09, which was marginally up from 1.8 per cent in November. NCAER Director General Suman Bery said "Sectors, particularly electricity and coal, might be affected because of problems of supply in general... the numbers do suggest slowing of the economy." The core sectors in December last year, expanded by 3.2 per cent.
The steel, which is reeling under the demand recession reported a negative trend of 0.8 per cent. On the other hand, the petroleum-refining products increased at 3 per cent as compared to 1.9 per cent in a year-ago period. The core sector data showed that the production of crude oil showed a decline of 0.3 per cent in December.
For the April-December period, the growth of the infrastructure sector - crude oil, petroleum refinery products, coal, electricity, cement and finished steel - fell to 3.5 per cent from 5.9 per cent in the same period of 2007-08.
During the month, steel and crude oil showing negative growth. The six infrastructure industries in December reported the second-lowest growth during 2008-09, which was marginally up from 1.8 per cent in November. NCAER Director General Suman Bery said "Sectors, particularly electricity and coal, might be affected because of problems of supply in general... the numbers do suggest slowing of the economy." The core sectors in December last year, expanded by 3.2 per cent.
The steel, which is reeling under the demand recession reported a negative trend of 0.8 per cent. On the other hand, the petroleum-refining products increased at 3 per cent as compared to 1.9 per cent in a year-ago period. The core sector data showed that the production of crude oil showed a decline of 0.3 per cent in December.
For the April-December period, the growth of the infrastructure sector - crude oil, petroleum refinery products, coal, electricity, cement and finished steel - fell to 3.5 per cent from 5.9 per cent in the same period of 2007-08.
No comments:
Post a Comment