Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Monday the growth of IPI in June was underpinned by the expansion of 10.3% in the mining index.
KUALA LUMPUR: Malaysia’s industrial production index (IPI) increased by 1.4% in June this year,, as higher mining output offset the declines in electricity and manufacturing and exceeding the forecasts by Bloomberg and Reuters.
The improvement in the June IPI bucked a Bloomberg survey of a 1.5% contraction while Reuters’ survey of 10 economists expected the IPI to fall 0.3%. In May, the IPI posted a revised 26.1% rise.
