IPI growth slows to 2.9% in December 2017

PETALING JAYA: Malaysia's Industrial Production Index (IPI) year-to-year growth moderated to 2.9% in December 2017, according to the Department of Statistics.

November IPI was up 5%.

The growth in December 2017 was driven by the manufacturing index (+5.3%) and electricity index (+3.9%). However, the mining index decreased 4.1%.

The manufacturing sector was driven by growth of its main sub-sectors, namely food, beverages and tobacco products (+17.0%); petroleum, chemical, rubber and plastic products (+3.6%) and electrical and electronic products (+4.1%).

Meanwhile, the drop in the mining sector was due to the decline in the crude oil index  (-5%) and the natural gas index (-3.2%).