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In third straight month of decline, industrial turnover falls 4.9 pct in May

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Posted By: The Corner 22nd July 2014

In addition, the average index posted a decline of 5.5 percent over the trailing 12 months.

Manufacturing turnover fell 5.6 percent in May, while mining and quarrying turnover retained its upward trend at an accelerating pace soaring by 57.1 percent in May. Nevertheless, the latter makes up only a fraction of the total turnover index, thus it has a minimal impact on the headline figure.

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About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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