Industrial output fell by 1.2 percent on the month, the strongest decline since August 2014, data from the Economy Ministry showed. The figure fell short of the consensus forecast in a Reuters poll for a 0.4 percent increase.
‘Industrial production went through a dry spell at the end of 2015,’ the economy ministry said in a statement, adding, however, that a rise in industrial orders in the fourth quarter pointed to an expansion in production at the start of this year.
This post was published at David Stockmans Contra Corner on February 11, 2016.
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