Malaysia Oct industrial output up 3.4% y-o-y

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KUALA LUMPUR (Dec 12): Malaysia's industrial production index (IPI) grew 3.4% year-on-year (y-o-y) in October, driven by expansion in the country's manufacturing, mining and electricity output.

In a statement today, the Statistics Department said manufacturing and mining output grew by 4.2% and 0.8% respectively while electricity production was up 4.6%.

"The IPI (growth) in September 2017 remained unchanged at 4.7% year-on-year," the department said.

In monthly terms, October's IPI declined 0.8% from the preceding month, according to the department.

The IPI expanded 4.7% y-o-y between January and October.

"The increase was due to the rise in all indices: manufacturing (6.1%), mining (1.0%) and electricity (2.3%)," the department said.