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Industrial Production YoY

Name: Industrial Production YoY
Creator: TipRanks

The 'Industrial Production YoY' in Hong Kong measures the year-over-year change in the output of the industrial sector, including manufacturing, mining, and utilities. This indicator is crucial as it reflects the health of the industrial sector, which is a component of the overall economic activity. A positive growth rate suggests an expanding economy, while a negative rate may indicate economic contraction. It is significant for financial markets as it can influence investor sentiment and monetary policy decisions.