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KUALA LUMPUR: Malaysia's industrial production index (IPI) rose 4.2% in October 2016, which exceeded economists' forecast of a 3.4% expansion, underpinned by the manufacturing sector.
The Statistics Department said on Friday the October 2016 was driven by higher growth in manufacturing (4.2%), mining (3.5%) and electricity (6.9%).
“The IPI in September 2016 has been revised from 3.2% to 3.1% due to the revision in the mining index,” it said, which showed higher on-month growth from September's 3.1%.
The department said the expansion in October 2016 was driven by higher growth in all indices. The manufacturing sector recorded a 4.2% growth, mining 3.5% and electricity (6.9%).
“The manufacturing sector output continued to expand at 4.2% in October 2016 after registering an increase of 4.0% in September 2016,” it said.
It also said the major sub-sectors which recorded growth in October 2016 were: electrical and electronics products (8.0%); petroleum, chemical, rubber and plastic products (3.7%) and non-metallic mineral products, basic metal and fabricated metal products (4.0%).
The mining sector output rebounded to 3.5% in October 2016 after a decrease of 0.3% in September 2016. The expansion in October 2016 was supported by the increase in crude oil index (2.7%) and natural gas index (4.4%).
The electricity sector output expanded steadily by 6.9% in October 2016 following an increase of 7.1% in September 2016.
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