Business News

Published: Friday February 8, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 1:47:38 AM

Malaysia's December industrial output grows at slower pace of 3.7%

KUALA LUMPUR: Malaysia's industrial production index (IPI) increased at a slower pace of 3.7% in December 2012 from a year ago, below the consensus of 6%.

The Statistics Department said on Friday the expansion was contributed by manufacturing (4.6%), mining (0.9%) and electricity (5.6%). The IPI in November 2012 has been revised positive 7.1% year-on-year.

On a seasonally adjusted month-on-month, the IPI in December 2012 dropped by 2.3% due to the decreases of manufacturing index (2.3%) and mining index (3.6%). However, the index of electricity registered a marginal increase of 0.1%," it said.

The department said manufacturing output in December 2012 rose by 4.1% on-year after a revised 7.0% gain in November 2012.

The major sub-sectors registered increases in manufacturing output in December 2012 were electrical and electronics products (6.4%); petroleum, chemical, rubber and plastic products (2.5%); and wood products, furniture, paper products, printing (7.9%).

Tags / Keywords: News, Business, Malaysia's industrial production index, December 2012, below consensus, Business

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