KUALA LUMPUR (Jan 11): Malaysia’s industrial production index (IPI) rose by 4.8% in November 2022 against 4.6% in the previous month, reinforced by an expansion in the mining, manufacturing and electricity sectors, the Department of Statistics Malaysia (DOSM) said on Wednesday (Jan 11).
“The mining index expanded by 6.1% and manufacturing by 4.8%, while the electricity index turned around to record a positive growth of 1.2% in November,” chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in the release of its IPI publication, which comprises all three sectors.
On the same note, export-oriented industries expanded by 5.1% (October 2022: 5%), led by the manufacture of computers, electronics and optical products, and chemicals and chemical products.
The domestic-oriented industries rose by 4.3% (October 2022: 2.5%), with growth underpinned by the manufacture of food processing products, and motor vehicles, trailers and semi-trailers.
The November manufacturing IPI rebounded marginally by 0.7% from October’s -1.8%, the department said.
Mining sector output rose 6.1% in November, after a strong 8.6% expansion in October. The sector’s growth was contributed by an 8.2% increment in the natural gas index, and 3.1% in the crude oil and condensate index.
November’s mining index rose by 3.5%, versus October’s 1.8% increase.