Malaysia's Industrial Production Index tumbles 22.1 pct in May

0 Comment(s)Print E-mail Xinhua, July 9, 2020
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KUALA LUMPUR, July 9 (Xinhua) -- Malaysia's Industrial Production Index (IPI) fell 22.1 percent year on year in May, dragged by the significant decline in all indices, official data showed Thursday.

Malaysian Statistics Department said in a statement that the index of manufacturing for the month slumped 23.2 percent year on year, the index of mining and electricity also fell 22.2 percent and 10.3 percent, respectively.

The main sub-sectors contributing to the decrease in the manufacturing sector in May were non-metallic mineral products; basic metal and fabricated metal products; transport equipment and other manufactures; petroleum, chemical, rubber and plastic products.

The fall in the mining sector was due to the decrease in crude oil and condensate index, as well as natural gas index. Enditem

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