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September industrial output up 2.3%, in line with survey


KUALA LUMPUR: Malaysia's industrial production index (IPI) rose by 2.3% in September, which was in line with a Bloomberg survey, boosted by the manufacturing sector.

The Statistics Department said on Friday manufacturing expanded by 4.8% on-year and electricity 4.2%. However, the mining index declined by 6.2%.

When compared with August, the manufacturing index expanded at a faster pace from 4.3%. 

 

The increase in manufacturing output was driven by major sub-sectors : electrical and electronic equipment products (5.5%), petroleum, chemical, rubber and plastic products (3.8%) and food, beverages and tobacco Products (6.9%).

Electricity output increased at a faster pace of 4.2%  in September 2018  following an increase of 4% in August 2018. 

However, the mining sector output's decline was sharper at 6.2% in September 2018 from an on-year decline of 4.6% in August. 

The decline was due to the decrease in the natural gas index (-6.2%) and the crude oil index (-6.3%). 

 

Corporate News , Economy

   

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