September Industrial Output Up 0.9% yoy.
11 October 2008
For the January-September period industrial output grew by 3.2% yoy. Concorde Capital: The September rate remained at the August level. For 9M05, the pace of industrial growth is three times less than it was 2004. During October-December we expect the industry growth rate to accelerate due to the lower comparison base from last year (a slowdown was observed during Sept-Dec in 2004). We maintain our annual forecast for industry growth in 2005 at 6.0%.
