Novem­ber IPI higher by 2.5%

The Star Malaysia - StarBiz - - News - By GANESHWARAN KANA [email protected]­

PETALING JAYA: Malaysia’s man­u­fac­tur­ing and elec­tric­ity sec­tors recorded higher out­put in Novem­ber 2018, rais­ing the coun­try’s In­dus­trial Pro­duc­tion In­dex (IPI) up by 2.5% year-on-year (y-o-y).

The IPI growth in the month of Novem­ber came above a Bloomberg sur­vey of 2.3%, amid con­cerns of eco­nomic slow­down and sub­dued busi­ness sen­ti­ment.

How­ever, it was lower than the 4.2% y-o-y growth recorded in Oc­to­ber 2018.

Ac­cord­ing to the Statis­tics De­part­ment, the man­u­fac­tur­ing sec­tor out­put ex­panded by 3.6% in Novem­ber 2018 after reg­is­ter­ing a growth of 5.4% a month ear­lier.

“The ma­jor sub-sec­tors that con­trib­uted to the growth in Novem­ber 2018 were trans­port equip­ment and other man­u­fac­tures prod­ucts (8.3%), elec­tri­cal and elec­tronic equip­ment prod­ucts (5.3%) and pe­tro­leum, chem­i­cal, rub­ber and plas­tic prod­ucts (3.4%),” it stated in a press re­lease yes­ter­day.

Mean­while, the elec­tric­ity sec­tor in­dex in­creased by 3.2% from a year ago.

De­spite the rise in the man­u­fac­tur­ing and elec­tric­ity in­dices, the out­put of the do­mes­tic min­ing sec­tor fell in Novem­ber last year.

The Statis­tics De­part­ment pointed out that the min­ing in­dex de­clined by 0.7% y-o-y.

“This was due to a de­crease in the nat­u­ral gas in­dex by 1.8%.

“Mean­while, the crude oil in­dex in­creased marginally by 0.6%,” it said.

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