Infra sector growth rate at a 5-month low
The industrial output of the eight infrastructure sectors– coal, cement, crude oil, natural gas, steel, refinery products, fertilisers and electricity– grew at a five-month low rate of 2.8% in May. It slipped from a four-year high of 8.5% in April. While crude oil and natural gas contracted at 3.3% and 6.9% respectively, the fertilisers sector expanded at 14.8%.