MASTER MIND FINNASSET: Core infrastructure sector posts 2.1% growth in August 2012

Friday, September 28, 2012

Core infrastructure sector posts 2.1% growth in August 2012

Provisional growth figures for July and June 2012 revised downwards to 1.0% and 3.8% from 1.8% and 3.9% reported earlier

The output of the eight core infrastructure sector increased 2.1% in August 2012, while the provisional growth figure for July 2012 was revised sharply downwards to 1.0% from 1.8% growth reported earlier. The growth figure for June 2012 was also scaled down to 3.8% from 3.9% growth reported earlier.

The core sector growth for August 2012 was supported with strong growth in coal and refinery output recording 11.0% and 8.4% growth, respectively. The production of crude oil, natural gas and fertilizers continued to record decline at 0.6%, 13.5% and 2.1%, respectively.

Meanwhile, the cement output declined 2.4% after recording consistent growth for last 14 months. However, the growth of the electricity generations moderated to two years low of 1.7% in August 2012.

The eight core infrastructure sector output rose 2.8% in April-August 2012, showing moderation in growth from 5.5% growth recorded in April-August 2011.

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