April industrial output expands at faster pace

Over the recent quarter, the rubber glove industry has weathered the worst, given the sharp deterioration in operational earnings per glove.

PETALING JAYA: Malaysia’s industrial product index (IPI) in April expanded at a faster pace of 4% from a year ago, exceeding the Bloomberg forecast of a 2.5% growth, according to the Statistics Department.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth in April was driven by the increase in electricity (5.8%), manufacturing (4.3%) and mining (2.3%)”