June factory output down, better than expected
published : 29 Jul 2020 at 10:17
The manufacturing production index (MPI) dropped a less-than-expected 17.66% in June from a year earlier, led by lower production of cars, petroleum and tyres during the coronavirus outbreak, the industry ministry said on Wednesday.
That compares with a forecast contraction of 20.4% in a Reuters poll, and against May's revised decline of 23.8%.
Capacity utilisation in June was 55.21% after May's revised 52.34%.