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Economy31/01/2012  10:57 AM

Eight core infrastructure sector growth eases to 3.1% in December 2011

The output of eight core infrastructure industries, carrying 37.9% weight in the index of industrial production, rose 3.1% during December 2011, showing sharp moderation in growth from 6.7% growth recorded in November 2011. The growth of November 2011 was also scaled down slightly from 6.8% reported early.

The production of crude oil and natural gas continued to decline, while the output of refinery production, electricity generation and cement witnessed sharp moderation in growth. However, the growth of the production of coal and fertilizers showed improvement during December 2011 from November 2011.

The production of crude oil declined posting decline for third sequential month, while that of natural gas plunged 10.8% during December 2011 recording fall for thirteenth straight month.

The output of refinery products and fertilizers increased 0.8% each during December 2011, while that of coal and steel improved 5.6% and 2.2%. The production of cement posted double digit growth of 13.3%, while that of electricity galloped 8.0% in December 2011, on y-o-y basis.

The growth of the output of six core infrastructure sectors has moderated to 4.4% during April-December 2011, compared to 5.7% growth recorded in corresponding period of previous year.

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