Malaysia’s industrial output inched up in December

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View_on_Petronas_TowersThe Industrial Production Index (IPI) of Malaysia rose 2.7% in December 2015 to 127.2 against the corresponding month in 2014, supported by positive growth in manufacturing and electricity output, the Statistics Department said.

It said the manufacturing index grew 4% and the electricity index increased 5.6%, but the mining index recorded a decrease of 1.5%, reported Bernama.

The department said the IPI in November 2015 remained unchanged at 1.8% year-on-year.

“In seasonally adjusted terms, the IPI in December 2015 edged up 2.8 per cent, month-on-month, following an increase in manufacturing (3.6 per cent), mining (2.5 per cent) and electricity (3.5 per cent),” it said in a recent statement.

The manufacturing sector’s output grew 4% in December 2015 after registering a growth of 4.1% a month earlier.

The major sub-sectors to record an expansion in December 2015 were electrical and electronics products (8.6%), petroleum, chemical, rubber and plastic products (1.6%), and non-metallic mineral products, basic metal and fabricated metal products (5%).

The mining sector’s output fell by 1.5% in December 2015 compared to the same month in 2014 due to the decrease in natural gas index (3%) and crude oil index (0.3%).

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