Malaysia’s IPI up 1.4 pct in June 2021

Malaysia’s IPI up 1.4 pct in June 2021

09 Aug 2021

Malaysia’s Industrial Production Index (IPI) rose 1.4 per cent year-on-year (y-o-y) in June 2021, underpinned by the 10.3 per cent rise in the Mining index, said the Department of Statistics (DoSM) today.

Conversely, the manufacturing and electricity indices fell by 0.2 per cent and 4.8 per cent, respectively. 

The mining sector output’s growth was influenced by the increase in the natural gas index (13.4 per cent) as well as the crude oil and condensate index (6.3 per cent), said chief statistician Datuk Sri Dr Mohd Uzir Mahidin in a statement today.

Meanwhile, the electricity sector output contracted 4.8 per cent y-o-y in June 2021.

Mohd Uzir said the manufacturing sector output decreased by 0.2 per cent y-o-y in June 2021 after recording a growth of 29.8 per cent in May 2021.

Its performance was contributed by petroleum, chemical, rubber and plastic products (19.0 per cent), electrical and electronics products (8.4 per cent) and textiles, wearing apparel, leather products and footwear (-14.5 per cent).

Export-oriented industries grew by 8.7 per cent, while domestic-oriented industries decreased by 20.8 per cent, he added. 

The IPI for the second quarter of 2021 soared 22.6 per cent y-o-y, driven by the manufacturing, mining and electricity indices, which increased by 26.3 per cent, 15.1 per cent and 8.6 per cent, respectively.

For the first half of 2021, the IPI recorded an expansion of 12.4 per cent y-o-y, influenced by the rise in all components, namely manufacturing index (15.7 per cent), mining index (4.5 per cent) and electricity index (4.0 per cent).

Source: Bernama