CORE SECTORS CONTRACT 1.3% IN DECEMBER

In Dec 2020, the eight core sectors
output growth remained in a negative trajectory for the 10th successive month with a contraction of 1.3% compared with negative growth of 1.3% during Nov 2020
Coal production growth grew by 2.2% in December 2020
Coal production has recorded positive growth which indicates revival in demand for power post easing of lockdown norms and resumption of industrial activities
Crude Oil production has fallen by 3.6% in December 2020 due to COVID-19 restrictions/lockdown
The negative growth in crude oil production has been sustained for nearly 3 years
Natural gas production in the country fell by 7.1% in December
This is the 19th consecutive month of de-growth in natural gas production
Refinery production has fallen by 2.7% in Dec 2020. There has also been an increase in refinery utilisation during December ’20 which is now 101%
Fertiliser production has fallen by 2.9% due to a high base effect and as the Rabi sowing season almost comes to an end
Output of steel sector has contracted for the second consecutive month by 2.7% in December
The steel sector registered 3 consecutive month of positive growth during Aug-October 2020
Cement production fell to a 4-month low falling by 9.7% in December 2020 compared with -7.3% in November 2020 and 5.4% in December 2019
Electricity production grew by 4.2% in December 2020 compared with 3.5% in November 2020 on account of further normalisation of economic activity
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