Home Business Malaysia’s IPI up 0.6% in January

Malaysia’s IPI up 0.6% in January

Malaysia’s IPI up 0.6% in January 1

PETALING JAYA: Malaysia’s Industrial Production Index (IPI) grew 0.6% in January 2020 compared with the same month of the previous year, driven by expansion in the manufacturing sector.

Chief statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said on a year-on-year basis, the manufacturing sector output rose 2.1% in January 2020 after recording a growth of 3.4% in December 2019.

The major sub-sectors contributing to the increase in January were non-metallic mineral products, basic metal and fabricated metal products (3.9%); petroleum, chemical, rubber and plastic products (3.6%); and electrical and electronics products (3.2%).

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Meanwhile, the mining sector output dropped 3.9% in January 2020 as compared to the same period of the previous year, due to the decrease in both indices under the mining sector which were crude oil and condensate index (-5.9%) and natural gas index (-2.3%).

During the month, the electricity sector output also edged down 0.01%.

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