August industrial production preliminary report falls 1.7% month-on-month, second consecutive decline
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The preliminary August industrial production index released by the Ministry of Economy, Trade and Industry on the 30th fell 1.7% from the previous month, marking a second consecutive decline. A Reuters preliminary forecast survey had expected a 1.7% rise. The production forecast index shows a 3.2% month-on-month rise for September and a 3.1% rise for October. The Ministry of Economy, Trade and Industry left its assessment of the production trend unchanged at "moving sideways."