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InfoQuest

OIE: global economic slowdown leads to a 4.4 percent MPI drop in Aug.

September 25, 2019


Abstract : The Office of Industrial Economics (OIE) announced that MPI in August 2019 was 100.58, a 4.4 percent year-on-year decrease, mainly caused by sustained slowdown of global economy and trade.

InfoQuest (Sept. 24, 2019) -- The Office of Industrial Economics (OIE) announced that MPI in August 2019 was 100.58, a 4.4 percent year-on-year decrease, mainly caused by sustained slowdown of global economy and trade.

The main industries weighing on the MPI were automobile and engine, electronic component, rubber products, base steel, and sugar.

Industries that posted strong growth included: hard disk drive, frozen food, drinking water, alcohol, and palm oil.

Source: InfoQuest, by Tanawat Suayaem / Kasamarporn / Rachada, translated by Xinhua Silk Road

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.


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