KUALA LUMPUR (Dec 10): Malaysia’s Industrial Production Index (IPI) rose 5.5% in October 2021 from a year earlier, driven by higher manufacturing and electricity output as mining sector production dropped, according to the Department of Statistics Malaysia (DOSM) on Friday (Dec 10).
In a statement, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the index's growth was driven by its manufacturing component, which registered an increase of 8%.
"Simultaneously, the electricity index rose 4.1%. Meanwhile, the mining index recorded a downturn of 3.5%.
"On a month-on-month basis, the IPI increased by 4.8%, driven by the manufacturing and electricity sectors,” Mohd Uzir added.
Year to date, the DOSM said, the IPI expanded 7.3% from the same period a year ago, contributed by increases across all components of the industrial output gauge.
"The increment was influenced by a rise in all components, [including the] manufacturing index (9.4%), mining index (1.8%) and electricity index (1.9%)," the department added.
Malaysia's October IPI grew 5.5% year-on-year after the September 2021 reading rose 2.5% from the year before, according to the DOSM.