INDUSTRIAL production accelerated 14% year-on-year in April, led by a surging manufacturing sector that continues to power the country’s economic growth in the second quarter of 2004, as it had in the January-March quarter.
Indicating that Malaysia could expect another set of good gross domestic product (GDP) numbers for the quarter to end-June, the Industrial Production Index (IPI) – one of the key barometers of the economy which measures manufacturing, mining and electricity output – rose to 228.2 in April from 200.1 in the same month last year.
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