In September, industrial production expanded a calendar-adjusted 6.4% over the same month last year, marking the strongest increase since November 2011. The reading contrasted the 0.1% decline tallied in the previous month and far exceeded the 2.1% increase that markets had expected. The expansion reflects a hefty rise in manufacturing output as well as a rebound in electricity, gas and steam. The mining and quarrying sector contracted in September, albeit at a slower pace.
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