Eight core industries’ output slows down in June

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New Delhi, July 31 (IANS) Production in India’s eight major industries slowed down during June, as the total output inched up by only 0.4 per cent as against a rise of 4.1 per cent in May 2017, official data showed on Monday.

The Eight Core Industries (ECI) data which represents the output of major industrial sectors like coal, steel, cement and electricity grew by seven per cent in the corresponding month of 2016.

“The combined index of ECI stands at 121 in June, 2017, which was 0.4 per cent higher compared to the index of June, 2016,” the Ministry of Commerce and Industry said in the summary report for the index of ECI.

“Its cumulative growth during April to June, 2017-18 was 2.4 per cent.”

The ECI index comprises 40.27 per cent weightage of the Index of Industrial Production (IIP).

–IANS

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