KUALA LUMPUR, April 8 (Xinhua) -- Malaysia's industrial production index (IPI) annual growth slowed to 3.1 percent in February from 4.3 percent in January, official data showed Monday.
The Department of Statistics Malaysia said in a statement that the moderation was primarily attributed to the slower output growth in the manufacturing sector, which grew by 1.2 percent as compared to 3.7 percent in January.
Nevertheless, the mining and electricity sectors accelerated further by 8.1 percent and 10.9 percent in February, from 5 percent and 8.3 percent in January, respectively.
In comparison with the preceding month, the IPI declined by 6.3 percent, in contrast to the positive 2 percent recorded in the previous month.
As for the first two months of 2024, the IPI expanded by 3.7 percent as compared to 2.4 percent recorded in the same period of the previous year.
During the period, all sectors posted positive growth namely the mining index (6.5 percent), manufacturing index (2.5 percent), and electricity index (9.5 percent). ■
