♦ Manufacturing sales inched up slightly to 8.9% yoy in August, from +8.7% in July but off the peak of +26.4% recorded in March. This suggests that manufacturing sales are slowing down but remain resilient. In contrast, the exports of manufactured goods eased for the fifth consecutive month to an estimate of 8.0% yoy in August, from +11.2% in July, suggesting that the pick-up in manufacturing sales could have been held up by better domestic sales.
Economic Highlights - Manufacturing Sales Inched Up In August - 11/10/2010
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