Malaysia's July 2019 IPI up 1.2% on-year

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KUALA LUMPUR (Sept 11): Malaysia's industrial production index (IPI) rose 1.2% year-on-year (y-o-y) in July 2019, on growth in the manufacturing and electricity segments, according to the Statistics Department today.

The index rose 3.9% y-o-y in June 2019.

In a statement today, the department said the manufacturing output rose 4%, while electricity production increased 2%. Meanwhile, the mining segment recorded a decline of 8.4% y-o-y.

"The major sub-sectors contributing to the increase in July 2019 were electrical and electronics products (4.9%), petroleum, chemical, rubber and plastic products (3.4%) and non-metallic mineral products, basic metal and fabricated metal products (4.4%)," it said.

On the mining segment, it said the decline was due to the decrease in the crude oil and condensate index (-22.7%). On the other hand, natural gas index increased by 7.3%.