Malaysia’s IPI Up 4.3 Per Cent In March Due To Positive Growth In Manufacturing, Electricity Index

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KUALA LUMPUR, May 12 – Malaysia’s Industrial Production Index (IPI) increased by 4.3 per cent in March 2014 as compared with the same month last year. The increase was due to the positive growth in the manufacturing index and electricity index which rose 6.4 per cent and 4.6 per cent, respectively. The IPI for February 2014 remained unchanged, with a positive growth of 6.7 per cent year-on-year, the Statistics Department said in a statement today. On a monthly basis, the IPI slipped by 2.6 per cent.

The department said manufacturing output in March rose by 6.4 per cent year-on-year while that for February rose by a revised 9.9 per cent. Major sub-sectors that registered increases in manufacturing output in March were electrical and electronics products (16.9 per cent) and petroleum, chemical, rubber and plastic products (1.7 per cent) and food, beverages and tobacco (5.0 per cent), the department said.

It said the mining sector output was down 0.9 per cent in March compared with the same month last year due to the 1.5 per cent fall in crude oil index and 0.4 per cent lower natural gas index. Compared with February 2014, the seasonally adjusted output for the mining sector increased by 1.4 per cent, it said. The electricity output increased by 4.6 per cent in March year-on-year, the department said, adding that the seasonally adjusted output fell by 0.3 per cent as compared with the previous month.