World Economy

Malaysia IPI Up 3.5%

Malaysia IPI Up 3.5%Malaysia IPI Up 3.5%

Malaysia’s industrial output rose 3.5% in January from a year ago, underpinned by gains especially in the manufacturing sector, which was below Bloomberg’s survey of a 5.3% increase. The Statistics Department announced on Monday the industrial production index was supported a 4.6% increase in manufacturing, mining (1.1%) and electricity (1.1%). “The manufacturing sector output increased by 4.6% in January 2017 after an expansion of 4.3% recorded in December 2016,” it said. The department said the major sub-sectors which increased in January 2017 were: electrical and electronics products (6.9%); petroleum, chemical, rubber and plastic products (2.3%); and food, beverages and tobacco (6.8%). However, the mining sector output grew at a slower pace of 1.1% in January 2017 after registering a higher growth of 5.8% in December 2016. The natural gas index increased by 5.3%. However, the crude oil index declined by 2.3%. The electricity sector output increased slightly by 1.1% in January 2017, after a significant growth of 6.1% in December 2016.

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