BOFIT Viikkokatsaus / BOFIT Weekly Review 2015/33
Industrial output, retail sales and fixed asset investment (FAI) in July grew slightly slower than in June. Industrial output in July was up 6 % y-o-y, down by nearly a percentage point from June. The various purchasing manager indices all foreshadowed a slowdown in industrial output. FAI was up 11 % y-o-y, the lowest growth seen in at least a decade. Retail sales increased in July about 10 %, and private consumption has increasingly become the driver supporting economic growth. Consumer price inflation accelerated slightly in July to 1.6 % y-o-y, while the fall in producer prices accelerated to 5.4 %.
Industrial output, retail sales and fixed investment, %
Source: Macrobond