Malaysia's IPI soars 13.6 pct in August-Xinhua

Malaysia's IPI soars 13.6 pct in August

Source: Xinhua| 2022-10-12 16:02:15|Editor: huaxia

KUALA LUMPUR, Oct. 12 (Xinhua) -- Malaysia's Industrial Production Index (IPI) soared 13.6 percent in August from a year ago, official data showed Wednesday.

The expansion of IPI was contributed by the manufacturing sector which jumped 15.2 percent, the electricity sector which rose 10 percent, and the mining sector which grew 8 percent, the Department of Statistics Malaysia said in a statement.

The main sub-sectors contributing to the growth in the manufacturing sector in August were electrical and electronics products (19.2 percent), transport equipment and other manufactured products (53.6 percent) and non-metallic mineral products, basic metal and fabricated metal products (13.6 percent).

Meanwhile, domestic-oriented and export-oriented industries recorded a growth of 22.5 percent and 12.4 percent respectively.

The growth in the mining sector was spearheaded by the increment of 8 percent in the natural gas index and crude oil and condensate index respectively.