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%).
Summary of Key Information: Major global economies are entering Q4 with significant events ahead, including the U.S. presidential election, the Japanese...
