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Q2 slump in industrial production

Official figures show that the volume industrial production in June fell by 0.7% from May, giving an annual increase of 0.1%.

Production for the second quarter of the year shows an 8.8% drop compared with the first quarter.

A breakdown of the June data showed that the modern sector - which includes technology and chemical companies - recorded an annual drop of 0.2%, while production in the traditional sector rose by 1.6%.