KUALA LUMPUR, May 10 — Malaysia’s Industrial Production Index (IPI) increased 5.1 per cent in March 2022 compared to the same month of the previous year, driven by growth in three indices, namely manufacturing, electricity and mining, the Department of Statistics Malaysia (DOSM) said. Chief...
KUALA LUMPUR, May 10 — Malaysia’s Industrial Production Index increased 5.1 per cent in March 2022 compared to the same month of the previous year, driven by growth in three indices, namely manufacturing, electricity and mining, the Department of Statistics Malaysia said.
“On a month-on-month basis, the IPI decreased 8.6 per cent, supported by expansion in all components of indices,” he said in a statement, today. “Simultaneously, the growth of the manufacturing sector was driven by both of the export-oriented industry and domestic-oriented industry . On month-on-month comparison, the manufacturing sector grew 8.5 per cent compared to February 2022, driven by higher capacity utilisation, especially in the petroleum, chemical, rubber and plastic products, and transport equipment and other manufactures subsectors.
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