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Industrial production grows 7.8% in June

Led by a smart recovery in manufacturing sector, industrial production growth accelerated to 7.8 per cent in June compared with 2.7 per cent a month ago.

Manufacturing sector, which accounts for two-thirds of the industrial production, recorded a growth of 7.3 per cent in June indicating return of consumer demand in the market.

Consumer durables and capital goods grew by 15.5 per cent and 11.8 per cent, respectively - the strongest expansion in several months. The trend in the first quarter, however, remained subdued at 3.7 per cent mainly due to lower production in the first two months of the period

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