Finweek English Edition - - ECONOMIC TRENDS -

Cit­i­group econ­o­mist Jean-Fran­cois Mercier says the graph shows that the un­der­ly­ing up­trend in man­u­fac­tur­ing since mid-2009 is still muted com­pared with the speed of the ear­lier re­ces­sion – as is that of real goods and ser­vices ex­ports, de­mand for which is a key driver of the man­u­fac­tur­ing cy­cle. Even the 4,6% year-on-year read­ing looks sub­dued com­pared with other ma­jor emerg­ing economies.

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