Industrial production slowed down to 9.4% yoy in June, from +12.3% in May and a high of +14.2% in March. This was the slowest pace of growth in four months, suggesting that industrial activities are moderating. The slowdown was due to a more moderate increase in manufacturing production, in tandem with a slowdown in the exports of manufactured goods. A slowdown in electricity output worsened the situation. These were, however, mitigated by a pick-up in mining output during the month.
Economic Highlights : Industrial Production Slowed Down In June, GDP Growth Estimated To Have Softened To +...
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