Tuesday 12 July 2016

Malaysia's May industrial output expands at slower pace

Malaysia's industrial production index (IPI) in May rose at slower pace of 2.7% from year ago but the growth did exceed a survey of 2.5% growth.

The Statistics Department said on Tuesday the growth was slower than April's on-year growth of 3% due to the decline in the mining output by 1.1%

The IPI in May rose 0.9% from April.

For the January to May of 2016, the IPI expanded by 3.1% from the previous corresponding period.

The expansion was supported by the increase in manufacturing index (3.9%) and electricity index (9.0%). The mining index fell 0.3%.

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