Malaysia's Industrial Production Index Rises 5% in August

MT Newswires Live10-09

Malaysia's Industrial Production Index (IPI) rose 5% year over year in August, according to data released on Friday by the Department of Statistics Malaysia (DOSM).

The sentiment index rose from the 4.7% increase recorded the previous month, reflecting positive momentum in the manufacturing and electricity sectors that offset steep declines in the mining industry.

Manufacturing output grew 7.4% from last year, while electricity climbed 9%. Meanwhile, mining declined 7.4% from 18.3% growth last year, hurt by lower crude oil and natural gas production.

Within manufacturing, output was largely supported by double-digit percentage gains in volumes of electrical and electronics products.

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