Industrial output decline moderates in Jan

**Prices up 8.1% in first two months **

The decline in industrial production moderated in January, falling by 9.7% over the year earlier after a drop of 11.7% in December and 10.9% in November.
The manufacturing subindex in the same period dropped by 10.3% in January 2011, after falling 13.4% in December and 11.7% in November.
Electricity supply fell by 5.4%, reflecting probably a combination of high prices and reduced capacity at the power stations after the explosion in July 2011.
Meanwhile, industrial output prices in February fell by 0.2% compared to January 2012.
However, compared with the same period of the previous year, industrial output prices rose by 8.1% in the first two months of the year.