India's combined Index of Eight Core Industries (ICI) provisionally increased by 0.5% year over year in May, according to data released Monday.
The Ministry of Commerce and Industry's Office of the Economic Adviser said the production of steel, cement, and electricity logged positive respective growth of 5%, 8.4%, and 8.7% in the month.
On the other hand, coal, crude oil, natural gas, petroleum refinery products, and fertilizer output slipped 9.3%, 4.6%, 4.9%, 8.7%, and 0.9%, respectively, in May.
In April, the final growth rate of the ICI was recorded at 1.8%.
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