Malaysia’s industrial production index (IPI) grew at a slower pace of 5.2 percent year-on-year in February, according to the Department of Statistics.
In February, the industrial production index (IPI) was driven by growth in mining (9.2 percent), production (4 percent) and electricity (1.9 percent).
Chief Economist at Allience Research Manokaran Mottain attributed the languid growth in February to fewer working days and the weak demand.
He added that Malaysian exports to foreign markets also tapered off, reflecting a fall in global demand.
In the first two months of the year, the country’s IPI increased 6.1 percent from the same period last year thanks to a surge in production (5.3 percent), mining (8.8 percent) and electricity (4.1 percent).-VNA
In February, the industrial production index (IPI) was driven by growth in mining (9.2 percent), production (4 percent) and electricity (1.9 percent).
Chief Economist at Allience Research Manokaran Mottain attributed the languid growth in February to fewer working days and the weak demand.
He added that Malaysian exports to foreign markets also tapered off, reflecting a fall in global demand.
In the first two months of the year, the country’s IPI increased 6.1 percent from the same period last year thanks to a surge in production (5.3 percent), mining (8.8 percent) and electricity (4.1 percent).-VNA
