Malaysia's IPI rises 2.4% in May

Kenanga Research said the buoyant trade and investment performance would accelerate the manufacturing sector recovery.

KUALA LUMPUR: Malaysia's industrial production index (IPI) rose 2.4% year-on-on-year in May, on the back of steady output growth in the manufacturing sector, according to the national statistics department.

Chief statistician Datuk Sri Mohd Uzir Mahidin said the increase was primarily driven by the manufacturing sector which grew 4.6% as and a 4.2% expansion in electricity output.