Malaysia's Industrial Output Climbs 5 Pct In June

KUALA LUMPUR, (UrduPoint / Pakistan Point News - 9th Aug, 2024) Malaysia's industrial production index (IPI) climbed by 5 percent year on year in June, sustaining a positive momentum for six consecutive months, official data showed Friday.

The Department of Statistics Malaysia (DOSM) said in a statement that the output growth in the manufacturing sector led the growth, with an increase of 5.2 percent.

Meanwhile, the month also saw a turnaround to 4.9 percent in the production of the mining sector. The electricity sector rose by 3.5 percent.

In comparison to the previous month, the IPI went up by 4.

8 percent.

For the second quarter, the IPI advanced by 4.5 percent. The uptick was driven by the manufacturing sector at a 4.9 percent growth.

Meanwhile, the IPI for the mining and electricity sectors grew modestly by 2.4 percent and 5.3 percent respectively.

The IPI, however, dropped by 1.2 percent against the first quarter, influenced by a decline in the mining sector.

In the meantime, throughout the first six months this year, the IPI improved by 3.9 percent on year with all sectors posting an expansion.