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.