In September, industrial production contracted 0.9% over the previous month in seasonally-adjusted terms. The reading contrasted the revised 1.6% expansion registered in August (previously reported: +1.4% month-on-month) and exceeded the 0.2% decline the market had expected. The contraction was the result of lower manufacturing production, a sharp deterioration in mining activity and a faster decline in construction. Conversely, electricity and energy supply rebounded over the previous month.
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