It was the fifth consecutive month of declining industrial activity, as output continued to drop for electricity, gas, steam & air conditioning supply (-33.8% vs -31.8% in June) and manufacturing (-5.4% vs -1.5%).
Meanwhile, production decreased less for mining & quarrying (-3.4% vs -28.7%). On a seasonally adjusted monthly basis, industrial output dropped 2.5% in July, after a flat reading in June.
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