Malaysia’s IPI up 0.6 per cent in January

KUALA LUMPUR (Bernama) – Malaysia’s Industrial Production Index (IPI) grew by 0.6 per cent in January 2020 compared with the same month last year, said the Department of Statistics Malaysia (DOSM).

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth was driven by a 2.1 per cent increase in the manufacturing index.

Meanwhile, the mining and electricity indices declined by 3.9 per cent and 0.01 per cent respectively.

“The manufacturing sector output rose by 2.1 per cent in January 2020 after recording a growth of 3.4 per cent in December 2019,” he said in a report released yesterday.

Mohd Uzir said major sub-sectors which supported the increase in January 2020 were the non-metallic mineral products, basic metal and fabricated metal products, which grew by 3.9 per cent; petroleum, chemical, rubber and plastic products (3.6 per cent) and electrical and electronics products (3.2 per cent).

However, he said the mining sector output fell 3.9 per cent year-on-year (y-o-y) due to the 5.9 per cent decrease in the crude oil and condensate index and the 2.3 per cent decline in the natural gas index.

He added that the electricity sector output edged down 0.01 per cent y-o-y.

In another report, Mohd Uzir said Malaysia’s manufacturing sales grew 2.6 per cent y-o-y in January 2020 to RM118.2 billion from RM115.2 billion last year.

“The y-o-y growth was driven by the increase in petroleum, chemical, rubber and plastic products (+6.9 per cent), non-metallic mineral products, basic metal and fabricated metal products (+4.7 per cent) and electrical and electronics products (+4.3 per cent),” he said.

Mohd Uzir said total employees engaged in the manufacturing sector in January 2020 increased 1.4 per cent y-o-y to 2,280,951 persons from 2,248,392 persons last year.