IPI in April 2023 declined 3.3%

KUALA LUMPUR: Malaysia's Industrial Production Index (IPI), which consists of three sectors namely mining, manufacturing and electricity, contracted by 3.3 per cent in April 2023, weighed down by all sectors, against a positive 3.2 per cent recorded in the preceding month.

The Statistics Department (DoSM) which released the report said mining recorded a negative 4.9 per cent (March 2023: 0.8 per cent); manufacturing with a negative 3.0 per cent (March 2023: 4.1 per cent); and electricity with a negative 2.0 per cent (March 2023: 0.4 per cent).