Industrial production lower in June after surging in April, May


  • Business
  • Saturday, 09 Aug 2003

GROWTH in industrial production cooled a little in June after a scorching pace in April and May but was still strong enough to suggest that activity in factories was still robust. 

The Statistics Department yesterday announced that the Industrial Production Index (IPI) grew by 8.6% in June from a year ago, with all its three sub-indices showing growth during the month. The IPI for April and May expanded by 11.8% and 16.2% respectively, after rising by 5% in March. 

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