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Malaysia’s IPI rises 0.3% y-o-y in October
KUALA LUMPUR: The Industrial Production Index of Malaysia grew 0.3% in October as compared with the same month last year, underpinned by an increase in the manufacturing and electricity indices.
This marked the slowest rate of expansion since February 2013, when output had fallen 4.4%, and was well below the median growth forecast of 1.6% in a Bloomberg survey of economists.
The Department of Statistics Malaysia said in a statement that output in the manufacturing sector rose 2.2% year-on-year (y-o-y) in October, as compared to 2.5% in September.
Sub-sectors that contributed to the increase were transport equipment and other manufactures (4.3%), non-metallic mineral products, basic metal and fabricated metal products (3.1%), and electrical and electronics Products (2.4%).
Output in the electricity sector was 0.5% higher y-o-y in October.
Conversely, the output in the mining sector fell 5.8% y-o-y in October due to decreases in both crude oil and condensate, and natural gas indices.
Source: https://www.thestar.com.my/business/business-news/2019/12/12/malaysia039s-ipi-rises-03-y-o-y-in-october#Ae77CcAaeHLfggV7.99