Down -10.9% y/y, well below Reuters forecast of -6.2 % and last month’s reading of -2.1%, VAT hike being blamed for the large spike down.
Shocker of a number but hardly surprising
![:(](http://az705044.vo.msecnd.net/20121029/icon_sad.gif)
Down -10.9% y/y, well below Reuters forecast of -6.2 % and last month’s reading of -2.1%, VAT hike being blamed for the large spike down.
Shocker of a number but hardly surprising