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IPI grows at a slower pace of 1.2 pct in July 2019

Last update: 11/09/2019
KUALA LUMPUR, Sept 11 -- The Industrial Production Index's (IPI) year-on-year (y-o-y) growth slowed down in July to 1.2 per cent, the Department of Statistics said.

The growth, which was down from 3.9 per cent recorded in June 2019, was driven by an increase in the indices for manufacturing (4.0 per cent) and electricity (2.0 per cent), the department said in a statement today.

On a year-on-year basis, the manufacturing sector output rose by 4.0 per cent in July 2019 after recording a growth of 3.8 per cent in June 2019, it said.

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

The electricity sector output increased by 2.0 per cent in July compared with a year earlier.

The output of the mining sector showed a decline of 8.4 per cent in July compared with the same month of the previous year, contributed by the decrease in the crude oil and condensate index (-22.7 per cent).

The department said the data for July 2019 was provisional and would be updated based on the latest available figures.

-- BERNAMA






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