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Monthly Macro_M4.2023_Manufacture & Trade have not returned to the old trajectory

05/05/2023

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  • The index of industrial production (IIP) in April 2023 was estimated to increase by 3.6%mom and by 0.5% over the same period last year. However, in general, key manufacturing sectors still recorded a decline in the first 4 months of the year.
  • PMI continues below the threshold of 50. The highlight is the sharp drop in the number of new orders
  • Inflation continued to cool down in April thanks to gas prices and prices of many commodity groups continuing to decrease (gas prices decreased by more than 12% in April, construction materials prices decreased by 0.83%, food and beverage prices decreased 0.38%).

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