July 11, 2014 8:23 PM

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IIP grows to 19-month high of 4.7% in May

Showing signs of recovery, the country's industrial production grew by 4.7 percent in May this year, its fastest growth in 19-months, due to improved performance of the manufacturing, mining, power, and capital goods sectors. Industrial production had contracted by 2.5 per cent in May last year. Cumulative growth in April and May this year was 4 per cent. According to data released by the Central Statistics Office, today, the manufacturing sector grew by 4.8 per cent in May, capital goods output grew by 4.5 per cent, the mining sector grew by 2.7 per cent, and power generation increased by 6.3 per cent during the month.

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