November Industrial Output Up 2% yoy.
9 December 2008
In January-November industrial output grew by 2.9% yoy. Concorde Capital: Despite the acceleration of monthly growth rates in September-November, the cumulative industry growth is a quarter of what it was last. This year’s modest industrial output growth is being sustained by the chemical, food and machine-building sectors. We estimate industrial growth will end the year at 4.0%.
