August industrial output higher than expected



KUALA LUMPUR: Malaysia's industrial production index (IPI) expanded at 6.8% in August 2017 from a year ago, underpinned by the stronger manufac turing output and exceeding a Bloomberg survey of a 5.8% growth.

The Statistics Department said on Thursday the expansion in August was supported by positive growth in all indices: Manufacturing (7.6%), Mining (5.3%) and Electricity (3.0%). 

It said on a year-on-year basis, the manufacturing sector output rose 7.6% in August 2017 after expanding 8% in July 2017. 

The major sub-sectors which recorded an expansion in August 2017 were petroleum, chemical, rubber and plastic products (6.9%); electrical and electronic products (8.6%); and food, beverages and tobacco products (9.4%). 

As for the mining sector,  output increased strongly by 5.3% in August 2017 from just 0.2% in July.

Powering the jump in the output was mainly due an increase of 14.6% in the index for natural gas. However the index for crude oil fell by 1.6% in August 2017.

As for the electricity sector, output expanded 3% in August 2017 on yearly basis. 


Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil
Majuperak, Shizen to explore solar photovoltaic development in Perak
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
Spritzer clarifies mistaken identity in insider trading report
Berjaya Corp denies involvement in Forest City Casino talks
Malaysia's PPI higher by 1.6% in March 2024
Microlink wins RM56.45mil contract from Bank Islam Brunei
Bursa Malaysia higher at midday in sync with regional peers

Others Also Read