08 July 2009 18:39 [Source: ICIS news]
TORONTO (ICIS news)--?xml:namespace>
Industrial production rose by “a very hefty” 5.1% in May but building and construction dropped 3.2%, the ministry said.
Pointing to improved industrial orders in May, as well as growth in car and car parts manufacturing, the ministry said that production in
However, on a two-month sequential comparison – April/May versus February/March – overall production was down 0.7%.
Compared with April/May 2008, overall production was down 20.1%. Industrial production was down 21.9%, while building and construction rose 3.3%.
Earlier on Wednesday,
For the full year, VCI expected chemicals production to fall by 10% and sales by 12% compared with 2008, it said, adding that the industry had reached the trough of the recession.
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