Cement industry helps push core sector output
Cement industry helps push core sector output

Cement industry helps push core sector output

India's core sector output rose 3.2 per cent in August thanks to a sharp rise in steel production and a pickup in cement, suggesting a lift in infrastructure and construction activity, reports the Economic Times. Experts said the data was positive but not vigorous enough to suggest a dynamic revival in industrial activity. Cement output was up 3.1 per cent compared with a 1.4 percent rise in July, data released by the commerce department said. July core sector growth was revised down to 3 per cent from the 3.2 per cent estimated initially. The index measures output in eight infrastructure sectors - steel, cement, coal, refining, natural gas, crude oil, fertilisers and electricity generation.
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