Industrial Output Rises 4.3% YoY In May

The increase resulted in 6.2% yoy growth during the Jan-May period. Industrial output in May fell by 4.3% in comparison to April. Concorde Capital: Historically industrial growth rates slow in May. However, since the start of the year we have seen a steady decrease in industrial output on a month-to-month basis, with March as the only exception. A gradual fall in metallurgical output accounted for about 30% of total industrial output in 2004, largely contributing to this negative tendency. During the 5MO5 period, the industrial growth rate tempo will remain more than half that of 2004.