Malaysia’s IPI returns to positive growth of 1.2% in July 2020

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KUALA LUMPUR (Sept 11): Malaysia’s industrial production index (IPI) returned to positive growth of 1.2% in July 2020 for the first time since February.

In a statement today, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase in IPI in July 2020 was due to the increment of 2.9% in manufacturing index.

“Meanwhile, the index of mining and electricity recorded a deterioration of 3.0% and 5.1% respectively,” he said.

Mohd Uzir said the manufacturing sector output based on a year-on-year comparison increased by 2.9% in July 2020 after recording an increase of 4.7% in June 2020.

He said the major sub-sectors contributing to the growth in the manufacturing sector in July 2020 were electrical and electronics products (9.6%), transport equipment and other manufacturers (9.0%), and petroleum, chemical, rubber and plastic products (1.5%).

Mohd Uzir said the mining sector output dropped 3.0% in July 2020 as compared to the same period in the previous year.

He said the deterioration was due to the decrease in crude oil and condensate index (-1.2%) and natural gas index (-4.4%).

Meanwhile, the electricity sector output decreased 5.1% in July 2020 as compared to the same month in the previous year.