The index of industrial production (IIP) expanded moderately, registering 0.47 percent (m/m, SA) in April 2024 compared to 0.02 percent (m/m, SA) in March. Compared with the same period a year earlier, IIP improved by 6.3 percent (y/y) mostly due to base effects related to a contraction in April of 2023. Performance among subsectors was mixed with uneven monthly growth rates, such as machinery and equipment (8.1 percent m/m, SA), computer and electrical...
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