Economic activity slows in July
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Economic activity slowed significantly throughout July.
Per data released by the stats bureau (NBS) on Friday:
Industrial value-added (IVA) grew by 5.7% y/y, down from 6.8% the previous month
Fixed asset investment (FAI) contracted 5.3% y/y, deepening from June’s 0.1% decline
Retail sales of consum...