Category Archives: Industry

Manufacturing growth: beware the base effect!

Manufacturing growth: beware the base effect!

Manufacturing production increased by 5,6% year-on-year in July 2015, driven mostly by a 39,6% year-on-year production rise in the automotive industry and a 17,4% year-on-year rise in the metals and machinery industry. It would be tempting to rejoice in response to these pronounced increases, but the figures don’t tell the whole story. These increases do   read more »