KUALA LUMPUR: Malaysia's Industrial Production Index (IPI) grew 3.9% in February from a year ago, in line with economists survey, with growth boosted by the manufacturing sector.
The Statistics Department said on Monday the expansion in February was supported by positive growth in all indices. The manufacturing index rose 4.5%, mining (1.1%) and electricity (10.5%).
The IPI in January 2016 remained unchanged at 3.2% year-on-year.
“In seasonally adjusted terms, the IPI in February 2016 recorded a growth of 0.9% month-on-month following an increase in all indices. Manufacturing rose 0.2%, mining (0.4%) and electricity (1.2%),” it said.
The department said on a year-on-year basis, the manufacturing sector output rose 4.5% in February 2016 after registering a growth of 3.9% in January 2016.
The major sub-sectors which recorded an expansion in February 2016 were the electrical and electronics products (5.8%); petroleum, chemical, rubber and plastic products (2.9%) and wood products, furniture, paper products, printing (9.6%).
On a seasonally adjusted month-on-month basis, manufacturing output edged up 0.2% in February 2016.
As for the mining sector, output grew 1.1% in February 2016 from a year ago. This growth was mainly due to the increase of crude oil index (1.3%) and natural gas index (0.7%).
On a seasonally adjusted terms, output for the mining sector increased 0.4% as compared to January 2016.
The electricity sector output expanded 10.5% in February 2016 on yearly basis. On a seasonally adjusted terms, electricity sector output grew 1.2% as compared to the previous month.
Malaysia’s IPI for the period of January to February 2016 expanded by 3.6% as compared to the same period of the previous year. The expansion was supported by the increase in all three indices: Manufacturing (4.2%); Mining (0.9%) and Electricity (9.0%).
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