- IIP improved in April. In April, the overall index of industrial production (IIP) grew 6.3% YoY (vs -2.4% YoY in April 2023) with the IIP of manufacturing rising 7.0% YoY (vs -2.8% YoY in April 2023). In 4M 2024, the overall IIP grew 6.0% YoY (vs -1.8%