09 August 2010 -
Impressive IP growth despite negative global backdrop
Industrial production rose by 10.2% y/y in June in line with the 10.1% y/y market consensus. The index is at the highest level since July 2008. While the industrial production rose in y/y terms, seasonally and working-day adjusted data shows a 2.1% m/m contraction in industrial production in June. While manufacturing sector production shows a 10.6% y/y increase, it declined 2.2% m/m in seasonally and working-day adjusted terms.
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