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Industrial production index grows 0.3 per cent in August 2020

The Industrial Production Index (IPI) recorded a positive growth of 0.3% in August 2020 from an increase of 1.9% in the same month of the previous year.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase in IPI in August 2020 was driven by the positive growth of 2.4% in manufacturing index after recording an increase of 2.9% in July 2020.

“The major sub-sectors contributing to the growth in manufacturing sector in August 2020 were electrical and electronics products (6.9%), transport equipment and other manufacturers (6.9%) and food, beverages and tobacco (4.7%),” he said in a statement, today.

However, Mohd Uzir said the mining and electricity index recorded a decrease of 6.7% and 1.2%, respectively, in August 2020 compared to the same period of the previous year.

“The deterioration in mining sector output was due to the decrease in crude oil and condensate index (-5.0%) and natural gas index (-8.0%).

— BERNAMA