8 core industries output contracts 0.8% in September.
                     8 core industries output 
contracts 0.8% in 
September
INTRODUCTION
Contracting for the seventh consecutive 
month, the output of eight core 
infrastructure sectors dropped by 0.8 
per cent in September.
Source: timesnownews.com
REASON BEHIND 
DECLINE
This is mainly due to decline in 
production of crude oil, natural gas, 
refinery products and cement.
Source: timesnownews.com
COMPARISION
The production of eight core sectors 
had contracted 5.1 per cent in 
September 2019, data released by the 
Commerce and Industry Ministry 
showed.
Source: timesnownews.com
NEGATIVE GROWTH
Barring coal, electricity and steel, all 
sectors crude oil, natural gas, refinery 
products, fertilizer and cement 
recorded negative growth in September 
2020.
Source: timesnownews.com
SECTOR OUTPUT
During April-September, the sectors' 
output dropped by 14.9 per cent as 
compared to a growth of 1.3 per cent in 
the same period of the previous year.
Source: indianexpress.com.com
REFINERY PRODUCTS
The output of crude oil, natural gas, 
refinery products, fertiliser, and cement 
declined by 6 per cent, 10.6 per cent, 
9.5 per cent, 0.3 per cent, and 3.5 per 
cent, respectively.
Source: Wikipedia
ELECTRICITY SECTOR
On the other hand, the coal, steel and 
electricity sector output grew by 21.2 
per cent, 0.9 per cent and 3.7 per cent, 
respectively, during the month under 
review.
Source: financialexpress.com
SUBSTANTIAL 
IMPROVEMENT
The substantial improvement in the 
core sector performance in September 
2020 was driven by the base effect-led 
uptick in coal production, related to 
heavy rainfall and labor issues in some 
mines in September 2019.
Source: timesnownews.com
IMPROVED MOBILITY 
With improved mobility of people and 
goods, the contraction in refinery 
products halved in September 2020, an 
encouraging trend that may continue in 
the immediate term.
Source: time.com
ECONOMIC RECOVERY 
While many lead indicators have 
displayed signals of a strengthening 
economic recovery in September 2020, 
we caution that the sustainability of the 
upturn may not be universal, and await 
signs of its durability.
Source: timesnownews.com