Core Sector Growth: The growth rate of eight major infrastructure sectors of the country declined to only 1.8 percent in November, which was 5.8 percent a year ago in November 2024, and this decline clearly reflects the slowdown in the country’s industrial activities. According to official data, the main reason for this weak performance was the decline recorded in crude oil, natural gas, petroleum refinery products and electricity production, which overshadowed the overall growth of these basic sectors.
However, it is a matter of relief that there has been some improvement in the situation on a monthly basis, because in October the combined production of these eight major industries – coal, crude oil, natural gas, petroleum refinery products, electricity, fertilizer and steel had fallen below zero to -0.1 percent.
In comparison, November’s figure of 1.8 percent indicates that the pace of decline has slowed down, but a strong recovery is still far away. Talking about the entire current financial year 2025-26, the production of these eight sectors has increased by only 2.4 percent in the period from April to November, whereas in the same period of the last financial year 2024-25, this growth was 4.4 percent.
This makes it clear that the infrastructure sector, which is considered the backbone of the country’s industrial and economic growth, is currently under pressure and the weakness in raw materials and power production related to the energy sector can also impact the overall economic activity.
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