Core Sector Contracts 4.6% In February; Highest In Six Months: CARE Ratings
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CARE Ratings Research Report
The eight core sector output fell sharply by 4.6% in February 2021 compared with a high base of 6.4% in the corresponding month last year.
After five consecutive months of weak production in the core sector, there has been a notable fall in February 2021 with a broad-based decline across all eight components of the core sector.
The decline in February has been led by sharp contraction in the refinery products followed by a decline in cement and coal production.
There has been a marginal upward revision in the January 2021 provisional estimate to 0.9% (0.2% was the previous estimate for January 2021).
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