April 2018: +4% YoY - high tech
& pharma main growth engines
As we empasized last month, the first three months of 2018 should be viewed together rather than individually, given the 'monthly distortion' - effect of the timing of Chinese New Year. Therefore, a month-over-month comparison between April and March 2018 makes little sense. The YoY growth of 4% in April should rather be seen against the backdrop of.....
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