Industrial Output Up 2.4% yoy In October.

Industrial Output Up 2.4% yoy In October. In January-September industrial output grew by 3.1% yoy. Concorde Capital: The October rate accelerated notably in comparison to September (0.9% yoy) primarily due to a lower comparison base last year. According to the results of 10M05, the cumulative industry growth rate maintained a four-fold gap over last year?s figures: 3.1% vs. 13.6% in 10M04. We are downgrading our industrial growth forecast for 2005 to 5.0% from 6.0%.