<p>The output of eight core infrastructure sectors expanded by 12.7 per cent in June against 9.4 per cent in the year-ago period, according to official data released on Friday.</p>.<p>The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 19.3 per cent in May 2022, the data showed.</p>.<p>In June, the output of coal, refinery products, fertiliser, cement and electricity rose by 31.1 per cent, 15.1 per cent, 8.2 per cent, 19.4 per cent, and 15.5 per cent, respectively.</p>.<p>Crude oil production contracted by 1.7 per cent.</p>.<p>Growth rate in the output of natural gas and steel slowed down to 1.2 per cent and 3.3 per cent during the month under review.</p>.<p>Cumulatively, during April-June 2022-23, the output of the eight sectors rose by 13.7 per cent, lower than 26 per cent during April-June 2021-22.</p>.<p>Commenting on numbers, Icra chief economist Aditi Nayar said that coal, cement, refinery products and electricity generation demonstrated double-digit growth in June, whereas the rise in steel and natural gas was quite muted.</p>.<p>"In line with the moderation in the year-on-year performance recorded by most high-frequency indicators as well as the core sector in June 2022, we expect the IIP (Index of industrial production) growth to ease to ~11-13 per cent in that month," she said.</p>.<p>The eight core industries accounts for 40.27 per cent of the IIP.</p>
<p>The output of eight core infrastructure sectors expanded by 12.7 per cent in June against 9.4 per cent in the year-ago period, according to official data released on Friday.</p>.<p>The production growth of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 19.3 per cent in May 2022, the data showed.</p>.<p>In June, the output of coal, refinery products, fertiliser, cement and electricity rose by 31.1 per cent, 15.1 per cent, 8.2 per cent, 19.4 per cent, and 15.5 per cent, respectively.</p>.<p>Crude oil production contracted by 1.7 per cent.</p>.<p>Growth rate in the output of natural gas and steel slowed down to 1.2 per cent and 3.3 per cent during the month under review.</p>.<p>Cumulatively, during April-June 2022-23, the output of the eight sectors rose by 13.7 per cent, lower than 26 per cent during April-June 2021-22.</p>.<p>Commenting on numbers, Icra chief economist Aditi Nayar said that coal, cement, refinery products and electricity generation demonstrated double-digit growth in June, whereas the rise in steel and natural gas was quite muted.</p>.<p>"In line with the moderation in the year-on-year performance recorded by most high-frequency indicators as well as the core sector in June 2022, we expect the IIP (Index of industrial production) growth to ease to ~11-13 per cent in that month," she said.</p>.<p>The eight core industries accounts for 40.27 per cent of the IIP.</p>