Economic activity slows in August
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Economic activity slowed big time in August. Per stats bureau data (NBS) data, released Monday:
Industrial value-added (IVA) expanded by 5.2% y/y across the month, down from 5.7% growth in July Fixed asset investment (FAI) fell 7.1% y/y, accelerating from July’s 5.3% decline – and the sharpest cont...