IPI rebounds 2.7% in October 2023 on robust performance in mining sector

KUALA LUMPUR: The Industrial Production Index (IPI) rebounded 2.7 per cent in October 2023, spearheaded by the robust performance of the mining sector, alongside continuous growth in electricity and manufacturing output, the Department of Statistics Malaysia (DoSM) said.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the IPI regained positive momentum in October recording the 2.7 per cent year-on-year growth compared to a negative 0.5 per cent registered in the previous month.