The Green Book: Current Economic Trends
Overview Second quarter indicators reflecting the real economy showed signs of earlier-than-expected improvement, helped by temporary factors such as the tax break for new car purchase and front loaded fiscal spending as well as regaining consumer and investment confidence. However, most indicators have not recovered to the pre-crisis level. In June, month-on-month mining and manufacturing production increased for the sixth straight month, growing 5.7 percent, although on a year-on-year basis, the index contracted 1.2 percent. Service output shifted to an increase by 1.7 percent month-...