Malaysia's January IPI rises 1.2 pct on higher manufacturing index

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KUALA LUMPUR, March 12 (Xinhua) -- Malaysia's industrial production index (IPI) rose 1.2 percent in January from a year earlier, on a higher manufacturing index, official data showed Friday.

In a statement, the Statistics Department Malaysia said, the manufacturing index increased 3.5 percent year on year, while the mining and electricity index dropped by 4.5 percent and 4.6 percent respectively.

According to the department, the major sub-sectors contributing to the growth in the manufacturing sector in January 2021 were electrical and electronics products (7.9 percent), petroleum, chemical, rubber and plastic products (4.5 percent) and wood products, furniture, paper products and printing (2.4 percent).

The export-oriented industries drove the growth of the manufacturing sector by 4.6 percent while domestic-oriented industries increased by 1.5 percent.

Meanwhile, the deterioration of the mining sector was due to the decrease in crude oil and condensate index (-9.4 percent) and natural gas index (-0.5 percent). Enditem

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