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Industrial Production Unlikely To Result In GDP Revision


Industrial production rose 27.5% in June against estimates of a 25.9% gain and compared to revised 27.0% in May, the M/M figure fell 3.0% against expectations of a 0.1% rise. The Y/Y print denotes the eighth straight month of growth, the figure was bolstered by strong exports, biomedical and electronics continue to be strong subcomponents.

  • The advance Q2 GDP reading printed 14.3%, final Q2 GDP data will be released later in August and the industrial production figures do little to change expectations.

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