Tuesday, January 8, 2008

Infra growth drops to 5.3% in Nov

The growth of six infrastructure industries dropped to 5.3% in November from 9.6% in the year-ago period. In October, growth had dipped to 4.5% from 9.9% in the corresponding month of the previous year.

Apart from coal, all the five other sectors - crude petroleum, petroleum refinery products, electricity, cement and finished carbon steel - registered a decline in production in November. The index of core industiries constitutes 26.7% of the index of industrial production (IIP).

Coal production increased 7.7% from 4.9% in November 2006. Crude oil production was up 0.3% as against 9.8% in the same month last year. Petroleum refinery production increased 5.2% as against 16.4% in the year-ago period.

The growth in electricity generation declined to 5.8% from 8.8%. Cement production grew by 4.5% as against 11.8%. Finished carbon steel production increased 5.8% as against 9.3%.

The growth of core industries between April and November dropped to 6% from 8.9% in the corresponding period of 2006.

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