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Malaysia's IPI grows 1.1% in June, mining down 9.4%

August 10, 2018 6:36 AM
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PETALING JAYA: Malaysia's Industrial Production Index (IPI) growth moderated to 1.1% in June 2018 compared with the same month a year ago, due to a contraction in mining output.

According to the Department of Statistics, the growth in June was supported by an increase in the manufacturing (+4.5%) and electricity (+3%) sectors, while the mining index fell 9.4%.

For manufacturing output, the major sub-sectors which saw growth were electrical and electronic equipment products (+5.4%); petroleum, chemical, rubber and plastic products (+3.4%); and non-metallic mineral products, basic metals and fabricated metal products (+5.2%).

The decline in the mining sector was due to the decrease in the natural gas index (-15.7%) and crude oil index (-2.2%).

Source: thesundaily.my

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