Malaysia June IPI up 1.1% y-o-y; mining output down 9.4%

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KUALA LUMPUR (Aug 10): Malaysia's industrial production index (IPI) rose 1.1% year-on-year in June 2018, supported by increases in manufacturing and electricity output.

The Statistics Department said in a statement today mining output however fell. The department said the IPI's manufacturing and electricity segments increased 4.5% and 3% respectively while the mining portion decreased 9.4%.

"The Department of Statistics, Malaysia also reports that manufacturing sector output increased by 4.5% in June 2018 after recording a growth of 4.1% in May 2018. The increase in manufacturing output was driven by major sub-sectors: electrical and electronic equipment products (5.4%), petroleum, chemical, rubber and plastic products (3.4%) and non-metallic mineral products, basic metals and fabricated metal products (5.2%).

"The report also stated that the electricity output increased by 3.0% in June 2018 following an increase of 2.6% in May 2018. Meanwhile, the mining sector output registered a decline of 9.4% in June 2018 as compared to the same period of the previous year. The decline was contributed by the decrease in the natural gas index (-15.7%) and crude oil index (-2.2%)," it said.

Malaysia's May 2018 IPI increased 3% from a year earlier, according to the department's earlier statement.