INDUSTRIAL activity in the country surged in May at its fastest pace since the fourth quarter of 2000 as two of the three sectors of the Industrial Production Index (IPI) recorded strong double-digit percentage gains.
Analysts said the surprising spike in industrial activity, which was double market expectations, should not only lead to an upgrade of the outlook for economic growth in the second quarter but also provide some support to the robust liquidity-driven rise in the stock market.
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