KUALA LUMPUR, March 13 — Malaysia’s Industrial Production Index (IPI) growth moderated to 1.8 per cent in January 2023 against 2.9 per cent in the preceding month, weighed down...
KUALA LUMPUR, March 13 — Malaysia’s Industrial Production Index growth moderated to 1.8 per cent in January 2023 against 2.9 per cent in the preceding month, weighed down partly by a slower growth in manufacturing output, said the Department of Statistics Malaysia .
According to DoSM, both the export-oriented and domestic-oriented industries contributed to the moderation in the manufacturing sector’s growth. Meantime, Mohd Uzir said rapid expansion was observed in the manufacture of coke and refined petroleum products with an output growth of 11.0 per cent as well as in the manufacture of vegetable and animal oils and fats at 8.3 per cent.
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