Industrial production drives annual growth by 4% in June

Industrial production increased in June by 4 percent compared to June 2007, due to a 5.1 percent advance in the processing segment, although the extractive and energy industries decreased by 3.1 percent and 2.3 percent, respectively.

According to data from the National Institute of Statistics (INS), industrial production rose by a mere 2.7 percent in May compared to May 2007.

The production of long-term consumer goods increased 10.9 percent in June, while that of fast-moving consumer goods (FMCG) advanced 9 percent. The production of capital goods increased 5.8 percent, and that of intermediary goods by 1 percent. The energy production industry declined by 3.5 percent. (NewsIn)