July industrial output slows down to 1.2%, below forecast

In July 2019, output from the mining sector index fell by 8.4% in July 2019 from a year ago. The decline was due to the decrease in the crude oil and condensate index (-22.7%).

KUALA LUMPUR: Malaysia's industrial production index (IPI) expanded by 1.2% in July, which was slower than a Bloomberg forecast of a 3.1% increase.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin the growth in July was driven by the increase in the index of the manufacturing (4%) and electricity (2%) segements. However, the index of mining recorded a decline of 8.4%.