Core industries' growth eases to 3% in September
	
		
				New Delhi, Oct. 22 -- Annual growth in eight key infrastructure sectors, as measured by the combined Index of Eight Core Industries (ICI), fell to the slowest in 3 months in September due to a weakening output in the energy sector, after reaching a 15-month high in August, according to data released by the Ministry of Commerce and Industry on Tuesday. The September reading came in at 3%, down from 6.5% in August. On a month-on-month basis the index contracted by 3.8%.
The eight sectors counted in the index are coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity. They comprise 40.3% of the weight of items included in the Index of Industrial Production (IIP).
The slowdown in the core sector reading is ...
		
			
			To read the full article or to get the complete feed from this publication, please 
Contact Us.