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Malaysia’s IPI rises 1.5% in February 2021, propelled by manufacturing growth

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Malaysia’s Industrial Production Index (IPI) increased 1.5% year – on – year in February 2021, propelled by the 4.5% rise in the manufacturing index, said the Department of Statistics Malaysia (DOSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said conversely, the mining and electricity index dropped 6.0% and 5.8%, respectively.

On the manufacturing sector, he said the output rose by 4.5% year – on – year (y – o – y) in February 2021.

“The major sub-sectors contributing to the growth in the manufacturing sector in February 2021 were electrical and electronics products (10.3 per cent), petroleum, chemical, rubber and plastic products (8.9%) as well as transport equipment and other manufactures (3.2%),” he said in a statement today.

He said the export – oriented industries drove the manufacturing sector’s growth by 5.8%, while domestic-oriented industries increased by 1.8%.

Meanwhile, Mohd Uzir said the mining sector’s output dropped 6.0% y – o – y in February 2021 due to the decrease in crude oil and condensate index (-11.5%) and natural gas index (-1.6%), while the electricity sector’s output contracted 5.8% y – o – y in February 2021.

  • Bernama