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Malaysia IPI rises 3% in Feb on better manufacturing output

April 11, 2018 5:04 AM
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PETALING JAYA: Malaysia's industrial production index (IPI) increased 3% year-on-year (yoy) in February 2018, supported by the positive growth in the manufacturing and electricity segments, according to the Department of Statistics.

The manufacturing sector output grew 4.7% in February 2018 after registering a 6.9% growth in January. The main sub-sectors which recorded increases in February 2018 were: petroleum, chemicals, rubber and plastics products (7.0%); electrical and electronic equipment products (5.4%); and non-metallic mineral products, basic metal and fabricated metal products (5.0%).

The electricity output expanded 2.8% yoy in February 2018, but the mining sector output decreased 1.6% due to a 3.5% drop in the natural gas index (-3.5%). Meanwhile, the crude oil index rose 0.5%.

Also read: Bursa Malaysia ends higher for 5th consecutive day

Source: thesundaily.my

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