Manufacturing industry recovery slow: survey

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The data shows that production declined by 3.4 percent and eight out of the ten manufacturing divisions recorded a slowdown in activity.

Manufacturers highlighted raw material shortages as an impediment to current activities, with the index surging from 50 index points in the third quarter to 59 index

points in the fourth quarter the highest level since 1974.Mining production declined by 6.3 percent year on year. The decline was driven by lower iron ore production.

 

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