July 30, 2015

In June, industrial output rose 1.6% over the same month last year in working-day adjusted terms, coming in below May’s 4.4% increase. The deceleration reflected a slowdown in manufacturing as well as in mining and quarrying, which reached a three-month low. Conversely, electricity, gas and steam rebounded in June compared to the previous month and grew at the fastest rate since August 2013.



On a monthly basis, industrial production in June fell 2.9% in seasonally-adjusted terms, contrasting May’s 2.7% rise. The overall trend improved as annual average growth in industrial production inched up from May’s 1.3% to 1.6% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.7% in 2015, which is unchanged from last month’s estimate. In 2016, the panel sees industrial production growth at 2.6%.