Malaysia’s industrial production index rises 4.1 pct in August

KUALA LUMPUR, Oct. 11 (Xinhua) — Malaysia’s industrial production index (IPI) rose 4.1 percent year-on-year in August, driven by the moderate growth in the manufacturing sector, official data showed Friday.
The Department of Statistics Malaysia (DOSM) said in a statement that the output of the manufacturing sector increased by 6.5 percent in the month while electricity output also expanded by 4.1.
The output of the mining sector, however, continued to decline year-on-year for two consecutive months, recording a negative growth of 6.4 percent.
For a month-on-month comparison, the IPI rebounded to 1.7 percent.
Cumulatively, throughout the first eight months this year, the IPI picked up by 4.1 percent as compared to the same period in 2023.
All sectors posted an expansion, namely the mining index (1.8 percent); manufacturing index (4.4 percent); and electricity index (6.7 percent). ■