December IPI climbs to 4.8% as E&E strength drives manufacturing surge
Industrial Production Index (IPI) rose to 4.8% YoY (Nov: 4.3%), slightly above expectations (KIBB: 4.7%; consensus: 4.5%). This brings 4Q25 growth to 5.0% (3Q25: 4.9%). For the full year, growth eased to 3.6% (2024: 3.7%)
- The improvement was driven mainly by stronger manufacturing output, supported by E&E expansion, which offset a decline in mining production.
- MoM (0.2%; Nov: -1.1%): Rebounded and beat the past three-year average decline of -0.8%.
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