November industrial output up 2%, nearly double forecast
Published on 10 Jan 2020. | Source: thestar.com.my
KUALA LUMPUR: Malaysia's industrial production index (IPI) grew at a much faster pace of 2% in November 2019 from a year ago, which was nearly double a Bloomberg survey of a 1.1% increase.
Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday the growth in November was driven by the increase in the index of manufacturing (2.5%), electricity (1.6%) and mining (0.5%).
On a year-on-year basis, the manufacturing sector output rose by 2.5% in November 2019 after recording a 2.2% growth in October 2019.
The Satistics Department said the major sub-sectors contributing to the increase in November 2019 were transport equipment and other manufactures (4.3%), non-metallic mineral products, basic metal and fabricated metal products (3.7%) and petroleum, chemical, rubber and plastic products (2%).
As for the mining sector, output grew 0.5% fromn a year ago, underpinned by the increase in natural gas index (3.7%). Crude oil and condensate index declined by 3.3%.
The electricity sector output increased by 1.6% in November 2019 from a year ago.
Higher IPI in Noverment 2018
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