date:Apr 15, 2014
a surprise 1.9 percent annual contraction in industrial output in February, which compared with analysts' median forecast of 0.9 percent growth. Exports fell for a second straight month in March, widening the trade deficit to a five-month high.
EL NINO THREAT
Compounding growth worries is an uncertain outlook for summer monsoon rains due to a possible El Nino weather event that affects wind patterns and can trigger both floods and drought.
Australia's Bureau of Meteorology last week predicted