Industrial output in 2015 soars 2.6%

The national statistical office said on Friday that according to seasonally-adjusted data industrial output in December declined by 1.3% from November and that according to working day-adjusted data, it was 1% higher than in December 2014.

 

This is a slower increase than the one recorded the month before, when industrial output soared 2.7%. The December increase in industrial production was also slower than expected by four macroeconomic analysts polled by Hina who had anticipated a growth of 1.9% on average on the year, with their forecasts ranging from 1.4% to 2.5%.

(Text: Hina)