Growth cools from May’s peak, but manufacturing engine keeps humming
Industrial Production Index (IPI) growth slowed to 6.5% YoY in June (May: 8.5%), slightly below expectations (KIBB: 6.9%; consensus: 7.2%). Despite the moderation, IPI accelerated to 7.7% in 2Q26 (1Q26: 4.0%), the strongest pace in 15 quarters
- MoM growth rose to 5.5% (May: 1.4%) in line with longrun (how many months or years) average of 5.5%
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