April primary sector output rises 6.2% as a buoy for electricity and steel

Growth in eight key infrastructure sectors rose to 6.2% in April, according to official data released on Friday, driven by significant increases in production of natural gas, refined products and electricity.

Production in eight sectors increased by 6% in March.

Growth in these key sectors – coal, oil, natural gas, refined products, fertilizers, steel, cement and electricity – was 4.6% in April 2023.

Official data showed that fertilizer production recorded negative dynamics in April.

The dynamics of coal, steel and cement production slowed down to 7.5%, 7.1% and 0.6%, respectively, compared to 9.1%, 16.6% and 12.4%, respectively, in April 2023.

Eight major sectors account for 40.27% of the country’s Index of Industrial Production (IIP).