June manufacturing output up 17.58% y/y, below forecast

The manufacturing production index in June rose for a fourth straight month, up 17.58% from a year earlier, boosted by higher production of autos, electronics and steel, the industry ministry said on Friday.

 The reading, coming off a low base last year, compared with a forecast for an increase of 18.8% in a Reuters poll and May’s revised 25.73% jump.  

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