Industrial activities pick up momentum despite slowing in April due to holidays

The industrial heft of the country, measured by the Index of Industrial Production, slipped in April from March, due to factory closures during the traditional new year holidays but the index was up from the same period a year ago, signalling that the activities are regaining strength.

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The latest data available for April showed that the industrial sector gauge has recorded index points of 89.6, up 1.7 percent from the same month in 2024.