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Infrastructure output rises 2.6% in August

Infrastructure output rises 2.6% in August

The output had grown 1.1 per cent year-on-year in July. Steel production, however, shrank an annual 5.9 per cent last month, compared with a 5.6 per cent growth in July.

The output had grown 1.1 per cent year-on-year in July.Photo: Reuters The output had grown 1.1 per cent year-on-year in July.Photo: Reuters

Annual infrastructure output growth picked up in August to 2.6 per cent from a year ago, mainly driven by higher cement and electricity generation, government data showed on Wednesday.

The output had grown 1.1 per cent year-on-year in July.

Steel production, however, shrank an annual 5.9 per cent last month, compared with a 5.6 per cent growth in July.

The infrastructure sector accounts for nearly 38 per cent of the country's industrial output.

(Reuters)