Malaysia's July industrial output up 1.2 pct

0 Comment(s)Print E-mail Xinhua, September 11, 2019
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KUALA LUMPUR, Sept. 11 (Xinhua) -- Malaysia's industrial production index (IPI) rose 1.2 percent year-on-year in July, government data showed Wednesday.

Malaysian Statistics Department said in a statement that the growth was driven by the increase in the index of manufacturing and electricity which grew 4 percent and 2 percent, respectively.

The Index of mining, however, recorded a decline of 8.4 percent, dragged mainly by crude oil and condensate index.

The major sub-sectors of manufacturing segment that contributed to the increase in July were electrical and electronics products, petroleum, chemical, rubber and plastic products and non-metallic mineral products basic metal and fabricated metal products.

In a separate statement, Malaysian Statistics Department also announced that the country's manufacturing sales grew by 6 percent year-on-year to 74.2 billion ringgit (about 17.76 billion U.S. dollars) in July. Enditem

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