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Malaysia’s Industrial Output Up 4.3% From Year Ago

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KUALA LUMPUR: Malaysia’s industrial output expanded in June, supported by stronger manufacturing and mining, with the industrial production index (IPI) up 4.3% from a year ago. However, this was slightly below a survey of a 4.4% growth.

The Statistics Department said on Monday the June expansion was supported by a 4.9% growth in manufacturing and a 4% expansion in Mining. However, the electricity index decreased by 2.3%.

The IPI in May 2015 remained unchanged by 4.5% year-on-year.

“In seasonally adjusted terms, the IPI in June 2015 grew by 0.1% month-on-month due to the increase of manufacturing index (2.5%),” it said.

However, the indices for mining and electricity fell by 3.7% and 2.0% respectively.

The department said year-on-year, manufacturing sector output rose a strong 4.9% in June 2015 after an increase of 3.2% in May 2015.

The major sub-sectors showed an increase in June 2015 were: electrical and electronics products (6.1%); food, beverages and tobacco (11.2%) and petroleum, chemical, rubber and plastic products (2.2%).

“On a seasonally adjusted month-on-month basis, manufacturing output grew by 2.5% in June 2015,” it said.

The mining sector output increased by 4.0% in June 2015 from a year ago. This expansion was mainly due to the increase of crude oil index (6.6%) and natural gas index (1.0%).When compared with May 2015, seasonally adjusted output for the mining sector declined by 3.7%.

However, the electricity sector output fell 2.3% in June 2015 on-year. In seasonally adjusted terms, the electricity sector output contracted by 2.0% in June 2015 from May.
The department said for the second quarter 2015, the IPI expanded by 4.3% from a year ago. The increase was due to the rise in manufacturing (4.1%); mining (5.7%) and electricity (0.6%).

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