Six infrastructure sectors clock 2.8 pc growth in May

 Six core infrastructure industries expanded by 2.8 per cent in May 2009 against 3.1 per cent in the same month last year.

Cement output, which is the barometer for construction industry expansion, led the performance chart, followed by coal (10.2 per cent) and electricity (3.3 per cent). This is the second month in a row that cement sector growth stayed above 11 per cent, indicating robust demand from construction industry, whose growth was halted by the credit crisis last year. However, crude oil production contracted by 4.3 per cent in May, while it had a growth rate of 3.2 per cent in the same month last year.

This was followed by refiners processing lesser amounts of crude, leading to refinery products output shrinking by an identical 4.3 per cent in the month under review compared to 0.1 per cent growth in the year-ago period.

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