The Central Bureau of Statistics reported on Friday that seasonally adjusted data showed that industrial output in August plunged by 4.9 per cent as against the previous month and by 4.4 per cent year on year.
This was much poorer performance than anticipated by five macroeconomic analysts polled by Hina, who had projected an average annual rise in industrial output of 1.4 per cent.
All of the polled analysts predicted a rise in August of between 0.2 and 3 per cent after the strengthening of industrial production in the previous two months.