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Core sector growth jumps 5-month high to 8.2% in June
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The combined Index of Eight Core Industries (ICI) jumped by 8.2% during June 2023 which was highest in five months. The growth in the core sector however declined from 13.1% during June 2022.
This is highest level of growth, the core sector has registered since January 2023 when the key sectors expanded at 9.7%. Seven out of the eight sectors which include Steel, Coal, Cement, Refinery Products, Natural Gas, Fertilizers and Electricity reported increase in production, while the production of Crude Oil declined by 0.6% during June 2023.
The cumulative index of Crude Oil declined by 2% during the April to June quarter over the corresponding period of previous year. More to come….
. Read more on livemint.comAbout this in other media
Oil prices score 3-month highs on tighter supply; Brent shoots higher to $87/bbl topping April peak livemint.com /1 year ago
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