OREANDA-NEWS. July 16, 2010. The State Statistics Committee reported that industrial production growth slowed to 8.9% y-o-y in June, vs. 12.7% y-o-y in May and 17.4% y-o-y in April. Over 1H10, industrial output rose 12% y-o-y.

Concorde Capital: the slowdown was the result of significant deceleration in metals production to 6.7% y-o-y, from 21.2% y-o-y in May, on the back of a 27% decline in metal export prices in May-June. As metal prices have remained flat so far in July, we do not expect growth in industrial production to accelerate substantially in the coming months.