Malaysia's industrial production index (IPI) rose 4.6% in October, after registering double-digit growth for four consecutive months, according to the Department of Statistics Malaysia (DOSM).
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Malaysia's industrial production index (IPI) rose 4.6% in October. (Photo: DOSM) |
The expansion of IPI during the month was contributed by the increment in mining and manufacturing indexes which increased by 8.6% and 4.2%, respectively, while electricity index recorded a decline of 1.9%, DOSM said in a press release.
Within the manufacturing sector, the main contributors were electrical and electronics products (8.7%), petroleum, chemical, rubber and plastic products (3.2%) as well as non-metallic mineral products, basic metal and fabricated metal products (3%).
Export-oriented industries expanded by 5% while domestic-oriented industries rose by 2.5%, it said.
From January to October, Malaysia’s IPI increased 7.5% year-on-year, of which the manufacturing sector increased by 9.1% and electricity by 5.4% and mining by 2.3%./.