Friday, 10 July 2015

Malaysia’s May industrial output picks up pace, exceeds forecast

Malaysia’s industrial production index (IPI) in May 2015 expanded by 4.5% from a year ago, as manufacturing picked up, exceeding a survey of a 3.1% increase.

The Statistics Department said on Friday the rise in May 2015 was supported by the positive growth in manufacturing (3.2%), mining (9.0%) and electricity (1.2%).

As for the IPI in April 2015, it remained unchanged by 4.0% on-year.

“In seasonally adjusted terms, the IPI in May 2015 rose 1.5% month-on-month due to the increase in manufacturing (0.4%) and mining (4.0%) indices. The electricity index fell by 1.3%,” it said.

The department said manufacturing output grew at a slower growth of 3.2% in May 2015 versus 4.2% in April 2015.

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