KUALA LUMPUR (Jan 11): Malaysia’s Index of Industrial Production (IPI) recorded a 6.2% increase year-on-year (y-o-y) in November, compared with 4.2% the month before, supported by better performance across all sectors.

In a statement today, the Department of Statistics Malaysia said November saw strong y-o-y growth of the IPI in manufacturing (6.5%), mining (4.7%) and electricity sectors (9.7%).

The expansion in manufacturing index was attributed mainly to three subsectors, namely beverages and tobacco (10.4%), electrical and electronics (8.9%), as well as petroleum, chemical, rubber and plastic (6.1%).

On the other hand, mining sector’s y-o-y growth was supported by 13.2% increase in Natural Gas Index, whilst slightly undermined by a 1.9% decline in the Crude Oil Index.

However, month-on-month, Malaysia’s IPI saw 2.9% decline from October, dragged by slower performance from the mining segment (0.9%), and negative growth in the manufacturing (-4.0%) and electricity sectors (-3.5%).

From January to November, IPI growth was recorded at 3.7%, backed by a strong 8.7% increase in the index, contributed by the electricity sector.

Mining and manufacturing output increased 1.2% and 4.3% respectively, from the year-ago.