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Malaysia’s IPI up 4.6% in October

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).
Malaysia’s IPI up 4.6% in October ảnh 1Malaysia's industrial production index (IPI) rose 4.6% in October. (Photo: DOSM)

Kuala Lumpur (VNA) - 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).

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%./.

VNA
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