07 December 2012 15:55 [Source: ICIS news]
October’s decline was led by building and construction, where output fell 5.3% from September, the country’s economics ministry said. Industrial output was down 2.4%.
The drop in productive output came after a revised 1.3% decline in September from August.
The ministry said that despite an increase in orders in October, production trends in both industry and in building and construction will likely be moderate in coming months.
On a two-month sequential comparison – September-October versus July-August – overall productive output was down 2.7%. Compared with September-October 2011, it was down 2.3% year on year.
In a related data release,
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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