Malaysia’s IPI rebounds to 4.7% in May

Compared to April 2023, the IPI accelerated by 7.3% after registering a contraction of 10.8% in April 2023.

KUALA LUMPUR: The Industrial Production Index (IPI) rebounded to 4.7% in May 2023 as against negative 3.3% recorded in the previous month, driven by positive momentum in all sectors, according to the Statistics Department.

In a statement yesterday, it said the expansion was attributed mainly to the performance in the manufacturing sector with a 5.1% increase, mining 2.9% and electricity 5%.