KUALA LUMPUR: Malaysia’s industrial production index in May rose 4% year-on-year which was above the Bloomberg survey of 3.5%, underpinned by electricity, manufacturing and mining.
The Statistics Department said in a statement yesterday the growth was driven by the increase in all indices: electricity (5.7%), manufacturing (4.2%) and Mining (3.0%).“The manufacturing sector output rose by 4.2% in May 2019 as compared to May 2018 after recording a growth of 4.3% in April 2019,” it said. The department said major sub-sectors contributing to the increase in May 2019 were transport equipment and other manufactures products (6.9%), electrical and electronics products (3.7%) and petroleum, chemical, rubber and plastic products (3.2%).
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