Malaysia's IPI inches down 0.3% in August 2023 - DoSM

According to economists’ projections, the industrial production index (IPI) growth could slow to around 3.5% and 3.7% this year from 6.9% in 2022 and 7.2% in 2021.

KUALA LUMPUR: Malaysia's Industrial Production Index (IPI) inched down by 0.3 per cent in August 2023 compared to the same month a year ago as export-oriented industries declined while the domestic-oriented ones continued to expand, the Department of Statistics Malaysia (DOSM) said.

July 2023 recorded a positive 0.7 per cent, chief statistician Datuk Seri Mohd Uzir Mahidin said in a statement today.