Current Economic Trends
In May, total industrial production decreased, while retail sales increased. In June, the growth in thenumber of employed persons rebounded, and consumer price growth accelerated from the previousmonth. In May, the total industrial production fell (down 3.0% m-o-m and up 2.3% y-o-y) as a decline in industrial output(down 3.0% m-o-m and down 0.9% y-o-y) more than offset increases in services output (up 1.3% m-o-m and up4.9% y-o-y) and construction output (up 3.8% m-o-m and down 1.9% y-o-y). Facilities investment moved down (down 0.1% m-o-m and up 9.7% y-o-y) and retail sales moved up (u...
