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Industrial Output Jumps

Annual industrial production accelerated more than analysts estimated in November, led by the manufacturing of cars and tractor trailers as an economic recovery overcame a “pause.”

Production rose an annual 6.7 percent, compared with 6.6 percent in the previous month, the State Statistics Service said Wednesday.

“The pause in growth is over,” Deputy Economic Development Minister Andrei Klepach said Wednesday. “The economy in September and October demonstrated fairly good growth” and this year’s industrial output is set to exceed previous estimates.

(Bloomberg)

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