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Malaysia’s Industrial Production Index up three per cent in February

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KUALA LUMPUR, April 11 2018 : Malaysia’s Industrial Production Index (IPI) expanded by 3.0 per cent in February 2018 as compared with the same month of the previous year, said the Department of Statistics today.

The department said the expansion in February was supported by the positive growth in the manufacturing index by 4.7 per cent and the electricity index by 2.8 per cent, while the mining index recorded a decline of 1.6 per cent.

The IPI in January 2018 was revised to 5.4 per-cent year-on-year, said the department in a statement. 

On a yearly basis, the manufacturing sector output grew by 4.7 per cent in February after registering a growth of 6.9 per cent in January.

The main sub-sectors which recorded increases in February 2018 were petroleum, chemicals, rubber and plastics products (7.0 per cent), electrical and electronic equipment products (5.4 per cent) and non-metallic mineral products, basic metal and fabricated metal products (5.0 per cent).

The mining sector output decreased by 1.6 per cent in February from the 1.5 per cent recorded in January due to  a decrease in the natural gas index (-3.5 per cent).

Meanwhile, the crude oil index rose by 0.5 per cent and electricity output recorded an increase of 2.8 per cent in February on an annual basis.  – Bernama

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