Malaysia IPI Rises 6.5% in June as Manufacturing Output Climbs 7.3%
Updated
Updated · The Star Online · Aug 10
Malaysia IPI Rises 6.5% in June as Manufacturing Output Climbs 7.3%
3 articles · Updated · The Star Online · Aug 10
Summary
Malaysia’s Industrial Production Index rose 6.5% year on year in June, with month-on-month growth accelerating to 5.5% from 1.4% in May.
Manufacturing drove the gain, expanding 7.3% as export-oriented industries grew 7.6%, led by a 14.9% jump in computer, electronics and optical products.
Domestic-oriented industries also strengthened, up 6.4% after 2.0% in May, supported by motor vehicles at 12.6% and basic metals at 8.2%.
Mining growth slowed sharply to 3.1% from 19.8% in May despite a 7.4% rise in natural gas output, while crude oil and condensate fell 3.3%.
Electricity output increased 6.7% year on year, but its index slipped 2.9% from May, underscoring manufacturing as the main engine of June’s industrial growth.