Industries, Mines Register Highest GDP Growth in H1

The “industries and mines” group registered the highest economic growth (based on the prices of the year ending March 2012) in the first half of the current fiscal year (March 20-Sept. 21) of 5.4%, the Central Bank of Iran reported. 
The services group contracted 0.2% in H1 to post the sharpest decline among economic groups. 
A breakdown of economic growth rates also shows that the sectors of agriculture and oil expanded by 4.4% and 0.8% respectively. 
Within the “industries and mines” group, the mining subsector grew by 3.5%, “industry” by 6.7%; “electricity, natural gas and water” by 4.5% and “construction” by 4.1%. 
Within the services group, the “commerce, restaurant, and hoteliering” subsector contracted by 0.3%; “transportation, warehousing, and communications” shrank by 0.6%; “services by monetary financial institutions” expanded by 11.9%; “professional real-estate services” grew by 1.1%; “general services” contracted by 5.2%; and “social, personal and home services” shrank by 10.2% in H1.