Weaker IIP recorded in 2M 2019. The Index of Industrial Production (IIP) increased 9.2% YoY in 2M 2019 vs 13.7% YoY growth recorded in 2M 2018. The lower growth rate was mainly attributed to a decline in IIP of the mining sector (-4.7% vs 2.8%) and slower growth of the manufacturing sector (11.5% vs 16.0%), in which electronics and PCs posted an IIP of only 5.2% vs 38.3% recorded in the same period last year.