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IPI up 1.3% in December 2019

Malaysia’s Industrial Production Index (IPI) grew 1.3% in December 2019 compared with the same month of the previous year, driven by the increase in the index of manufacturing (3.4%) and electricity (0.9%). The index of mining recorded a decline of 4.9%.

Chief statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said on a year-on-year basis, the manufacturing sector output rose 3.4% in December 2019 after recording a growth of 2.7% in November 2019. The major sub-sectors contributing to the increase in December 2019 were non-metallic mineral products, basic metal and fabricated metal products (4.6%), petroleum, chemical, rubber and plastic products (3.6%) and electrical and electronics products (3.1%).

The electricity sector output increased by 0.9% in December 2019 as compared to the same month of the previous year.

The mining sector output dropped 4.9% in December 2019 as compared to the same period of the previous year, due to the decrease in both indices under mining sector which were crude oil and condensate index (-6.6%) and natural gas index (-3.4%).

The IPI for the year 2019 recorded a growth of 2.4% as compared to the previous year, contributed by the growth in manufacturing and electricity sector which were 3.6% and 3.3% respectively. The mining sector declined 1.7%.

  • The Sun Daily