August 26, 2015

In June, industrial production fell a seasonally-adjusted 2.1% over the previous month. The reading contrasted the revised 0.1% expansion (previously reported: +0.4% month-on-month) registered in May and marked a four-month low. June’s result reflected a broad-based deterioration in the index.



In annual terms, industrial production rose 0.8% in June, rebounding from a revised 4.2% drop in May (previously reported: -4.0% year-on-year). Despite the increase, annual average growth in industrial output ticked down from minus 0.7% in May to minus 0.8% in June.

FocusEconomics Consensus Forecast panelists expect that industrial output will expand 1.4% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees industrial production picking up to a 2.5% increase.