Thailand
Malaysia: Manufacturing helps January industrial output advance 1.2%
KUALA LUMPUR: The manufacturing sector underpinned the industrial production index (IPI) in January despite declines in the mining and electricity indices.
Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday the IPI grew by 1.2% from a year ago, driven by the manufacturing index with an increase of 3.5%.
However, the mining and electricity indices dropped 4.5% and 4.6%.
Mohd Uzir said the manufacturing sector output based on year-on-year comparison rose by 3.5% in January after recording a growth of 4.1% in December 2020.
“The major sub-sectors contributing to the growth in manufacturing sector in January 2021 were
electrical & electronics products (7.9%); petroleum, chemical, rubber & plastic products
(4.5%) and wood products, furniture, paper products & printing (2.4%).
“The export-oriented industries drove the growth of the manufacturing sector by 4.6% while domestic oriented industries increased by 1.5%, ” he said.
The mining sector output dropped 4.5% due to the decrease in crude oil & condensate index (-9.4%) and natural gas index (-0.5%).
The electricity sector output contracted 4.6% in January 2021 as compared to the same month of the previous year.
Source: https://www.thestar.com.my/business/business-news/2021/03/12/manufacturing-helps-january-industrial-output-advance-12