June core sector growth slows as base effect wanes

June core sector growth slows as base effect wanes

Core sector output grew 8.9% in June, easing from double-digit increases in the previous three months as the favourable base effect dissipated. The rise in the index of eight core sector industries in June was still heavily influenced by the base effect of 12.4% contraction in June last year, helping mask the weakness in the … Read more