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what is Industrial Production y/y?

Industrial Production data is a leading indicator of national economic health - production is the dominant driver of the economy. It reacts quickly to ups & downs in the business cycle. 
Industrial Production is also called Industrial Output. 
It is Released on the monthly basis, excluding Feb, after the ends of about 15 days.
Chinese data is very important for the growth of global economy. Investor closely watch this data and according to this data they invest in market for short term.
If Actual will come above the Forecast then it will be Good for currency (CNY) and china economy as well as global economy.

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