April industrial output expands at faster pace

  • Business
  • Wednesday, 12 Jun 2019

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%)”

Manufacturing sector output rose by 4.3% after recording a growth of 4.1% in March 2019.

The major sub-sectors contributing to the increase were transport equipment and other manufactures products (7.2%), electrical and electronics products (4.1%) and petroleum, chemical, rubber and plastic products (3.6%).

The electricity sector output increased by 5.8% on-year.

The mining sector recorded a 2.3% increase on-year, which was the highest growth since September 2017.

The growth was contributed by the natural gas index (6.1%), while the crude oil index decreased by 1.9%.

According to the department the IPI for January to April expanded by 3% from the previous corresponding period.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

What do you think of this article?

It is insightful
Not in my interest

Across The Star Online

Life Inspired has a chic new look

2020 is all about change, and Life Inspired did just that with a fresh makeover!

This month, we speak to 3 female icons about empowerment and more - read it for FREE this week.