- Production up 0.8% m/m versus +0.8% expected
- Before was -3.2% (revised to -3.0%)
- Production -6.4% versus -5.7% expected
- Previous annual figure was -6.7% (revised to 6.6%)
The big shortfall for the year, despite higher revisions compared to the previous one, suggests deeper negative revisions in the long term.
Either way, a 6.4% reduction in industrial production is disastrous.
This article was written by Adam Button at www.forexlive.com.
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