Industrial Output Snaps Recovery With 2.6% Contraction In Ei

Industrial Output Snaps Recovery With 2.6% Contraction In Eight Core Sectors


Industrial Output Snaps Recovery With 2.6% Contraction In Eight Core Sectors
Industrial Output Snaps Recovery With 2.6% Contraction In Eight Core Sectors
In November 2020, the output of eight core sectors contracted by 2.6 per cent year-on-year as against the 0.7 per cent growth registered in the same month of last year
In October 2020, output grew despite the contraction in eight core sectors by 2.5 per cent.
The output of eight core sectors contracted by 2.6 per cent in November 2020, mainly ascribed to a decline in the prediction of crude oil, refineries, natural gas, steel, and cement. According to data released by the commerce and industry ministry showed on Thursday, December 31, the production of the core sectors had registered a growth of 0.7 per cent in the corresponding month last year. The output of the core sectors remained in the negative trajectory for the ninth consecutive month. After showing recovery signs in September this year, the output growth of these sectors declined in the months of October and November. (

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