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Production of infrastructure in key sectors fell 4.6% in February 2021

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Infrastructure production fell 4.6% in February 2021, government data shows

Infrastructure production in February 2021: Production in eight basic infrastructure sectors fell 4.6% from a year ago, according to government data as of Wednesday, March 31. The production of infrastructure, which comprises eight basic sectors, including coal, crude oil and electricity, recorded a decline. by 8.3% between April-January 2020-2021. According to provisional data released by the Ministry of Trade and Industry, the combined index of the eight basic industries stood at 127.8 in February 2021. The eight basic industries also constitute 40.27 percent of the total. industrial production index (IIP). (Also Lily: Production of infrastructure in key sectors up 0.1% in January 2021)

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The February 2021 decline was led by a sharp contraction in refinery products followed by a drop in cement and coal production. Coal, refining products, crude oil, natural gas, fertilizer, steel, cement and power sectors recorded negative growth of 4.4%, 3.2%, 1 %, 10.9%, 3.7%, 1.8%, 5.5% and 0.2% respectively in February 2021.

The Cumulative Key Sectors Index was down 8.3% in the 11 months to February 2021, compared to 1.3% growth a year ago. The impact of the COVID-19 pandemic on the industrial sector has been reflected in the production of key sectors.

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In January 2021, industrial production contracted by 1.6%, after registering a growth of 1% in December 2020. According to IIP data released by the Ministry of Statistics and Program Implementation on March 12 2021, the indices of the mining industry, manufacturing and electricity sectors in January 2021 were respectively 119.7, 135.1 and 164.2. (Read also: Industrial production contracts 1.6% in January: everything you need to know)

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