September IPI posts weaker growth on slower oil and gas activity

The rise in output of the manufacturing sector in September was primarily driven by expansion in export-oriented industries output at 3.4%.

PETALING JAYA: Malaysia’s industrial production index (IPI) rose by 2.3% year-on-year (y-o-y) in September as compared to a 4.1% increase in August.

The September reading was short of the 3.7% expansion forecast by economists in a Reuters poll.