Tuesday, July 17, 2012

BUSINESSWOLRD: Manufacturing output hit by REDUCED demand MANUFACTURING output growth remained sluggish in May, National Statistics Office (NSO) data showed, a development industry players attributed to lower overseas demand for electronic products. The NSO's Monthly Integrated Survey of Selected Industries showed factory output, as measured by the volume of production index, easing to 3.1%, the SLOWEST since March's 8.9% and DOWN from April's revised 3.3%.

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