KUALA LUMPUR (Oct 12): The Malaysian industrial production index’s (IPI) year-on-year (y-o-y) growth accelerated to 13.6% in August, as the rise in mining production more than doubled, while manufacturing and electricity output increased, according to the Department of Statistics Malaysia (DOSM) on Wednesday (Oct 12).
In a statement, the department said the IPI’s mining component rose 8%, while the manufacturing segment increased 15.2% and electricity added 10%.
The IPI’s y-o-y growth accelerated to 13.6% in August from 12.5% in July, as the rise in mining production more than doubled to 8% from 3.2% in July, when manufacturing output increased 14.9% and electricity added 13.2%.
"The growth [in the mining sector's output y-o-y] was spearheaded by an increment of 8% in the natural gas index and the crude oil and condensate index,” the DOSM added.
As for the manufacturing segment, the department said the main sub-sectors contributing to the y-o-y growth in August included the electrical and electronics product segment which grew 19.2%, and the basic metal and fabricated metal product segment that added 13.6%.
The domestically-oriented industries recorded a growth of 22.5%, while the export-oriented industries grew 12.4%.
Month-on-month, the IPI rose 3.9% in August.
"Data for August 2022 is provisional. The data will be updated based on the latest available figures and subsequently published in September,” the DOSM added.