Malaysia’s industrial production index (IPI) rose at a slower pace of 3% in August, which was slower than the forecast of 4.1% due to a contraction in the mining sector.
The Statistics Department said on Monday the rise in August 2015 was supported by positive growth in manufacturing index (4.3%) and electricity index (15.9%). However, the mining index recorded a decrease by 3.4%.
The IPI in July 2015 remained unchanged at 6.1% year-on-year.
“In seasonally adjusted terms, the IPI in August 2015 declined by 0.9% month-on-month as the mining index decreased by 10.2%.
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The Statistics Department said on Monday the rise in August 2015 was supported by positive growth in manufacturing index (4.3%) and electricity index (15.9%). However, the mining index recorded a decrease by 3.4%.
The IPI in July 2015 remained unchanged at 6.1% year-on-year.
“In seasonally adjusted terms, the IPI in August 2015 declined by 0.9% month-on-month as the mining index decreased by 10.2%.
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