Malaysia’s IPI down 2.2pc in November 2020

KUALA LUMPUR (BERNAMA) – The Industrial Production Index (IPI) shrank 2.2 per cent year-on-year in November 2020 due to the lower performance of the mining and electricity sectors.

Chief statistician Dr Mohd Uzir Mahidin said the mining and electricity indexes recorded a decline of 15.4 per cent and 2.5 per cent, while the manufacturing index continued to grow by two per cent.

The mining sector output decreased on lower performance of the crude oil and condensate index (-15.8 per cent) and natural gas index (-15.1 per cent), he said in a statement yesterday.

On the manufacturing sector, he said its output continued to expand after recording a growth of 2.4 per cent in October 2020.

The major sub-sectors contributing to the growth were electrical and electronic products (8.3 per cent), transport equipment and other manufactures (6.5 per cent), and petroleum, chemical, rubber and plastic products (two per cent).

A woman walks on a street in Kuala Lumpur. PHOTO: XINHUA