The growth rate of the country’s eight major industrial sectors was limited to just 0.5 percent in May 2026. This is the second lowest level in the last 21 months. According to the data released by the Ministry of Commerce and Industry, five out of the eight sectors registered negative growth. Production decreased in the crude oil, natural gas, refinery products, coal and fertilizer sectors. Economists said that the impact of the West Asian crisis has affected the refinery sector. However, the steel, cement and power sectors registered growth. Analysts warn that the slowdown in industrial production is likely to affect the country’s economy.
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Growth in core sectors drops to 0.5 percent, worrying
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tmanasa
- June 23, 2026
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The growth rate of the country’s eight major industrial sectors was limited to just 0.5 percent in May 2026. This is the second lowest level in the last 21 months. According to the data released by the Ministry of Commerce and Industry, five out of the eight sectors registered negative growth. Production decreased in the crude oil, natural gas, refinery products, coal and fertilizer sectors. Economists said that the impact of the West Asian crisis has affected the refinery sector. However, the steel, cement and power sectors registered growth. Analysts warn that the slowdown in industrial production is likely to affect the country’s economy.
