Industrial output down preliminary 15 pc

The rate of the drop was lower than the 19.8pc drop in August, and the slowest this year. Industrial output grew 3.7pc from August, according to workday- and seasonally-adjusted figures. Output rose month-on-month both in May and June, and dropped slightly in July and August. January-September industrial output fell 21.0pc compared to the same period of 2008. In January-August, the drop was 21.8pc. Unadjusted industrial output has fallen year-on-year every month since October 2008, and workday-adjusted output has fallen every month since July of last year. KSH will publish a detailed second reading of the August figures, together with industrial sales figures, on November 13. 

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