Thursday 25 Apr 2024
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KUALA LUMPUR (Jan 9): Malaysia's industrial output, as measured by the industrial production index (IPI), grew 4.7% in November 2014 from a year earlier.

In a press release today, the Statistics Department said the IPI growth was due to expansion in all three components of the index.

Mining output rose 7.6% followed by the manufacturing segment, which climbed 3.7%. Electricity production was up 3.2%.

On the mining sector, the department said growth was due to the increase in crude oil index (13.9%) and natural gas index (0.9%).

Growth in the manufacturing sector was driven by electrical and electronic products, besides petroleum, chemical and non-metallic mineral goods.

For the 11-months, the IPI grew 4.9% from a year earlier. In monthly terms, November IPI expanded 1.5% from October.

November IPI's on-year 4.7% growth came in above median market forecast. Earlier, Reuters reported that Malaysia's industrial output growth in November probably slowed for a third straight month to 4% from a year earlier as demand for commodities fell.

The drop in commodities, however, would likely be cushioned by a stronger electronics sector, Reuters quoted analysts as saying then.

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