Malaysia’s IPI expands 5.3% in July

The Statistics Department said that both export-oriented and domestic-oriented industries performed well in July 2024.

KUALA LUMPUR: Malaysia’s Industrial Production Index (IPI) expanded by 5.3% in July 2024, following a 5% growth in the previous month driven by a surge in manufacturing output, says the Statistics Department.

In a statement yesterday, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said manufacturing output rose by 7.7% in July 2024 compared to 5.2% in the preceding month and electricity output increased by 7% compared to 3.5% in June 2024.