September Industrial Output Up 6.2% yoy
10 October 2008
Industrial output growth in 9M came to 5.5% yoy up from 3.1% a year ago. September’s output was up from August, when industrial output grew 0.3% yoy. Alexander Viktorov: The metallurgy sector (+10.8% yoy), thanks to sound world markets, was again the main growth driver. Machine BuildING also continued its strong growth, up 9.1% yoy. The overall slower growth rate is due the weak harvest which caused a slowdown in the food industry. We forecast year end industrial output to be 6.5%.
