IPI grew 5.8% in February 2020

PETALING JAYA: Malaysia’s Industrial Production Index (IPI) grew 5.8% in February 2020, compared to the same month of the previous year driven by increase of the index in all sectors, led by electricity (6.8%), mining (6.1%) and manufacturing (5.6%).

On a year-on-year basis, Malaysia’s chief statistician Datuk Seri Dr Mohd Uzir Mahidin observed that the manufacturing sector output rose by 5.6% in February 2020 after recording a growth of 2.2% in January 2020.

The major sub-sectors contributing to the increase in the month were petroleum, chemical, Rubber and plastic products (6.3%), non-metallic mineral products, basic metal and fabricated metal products (6.2%) and electrical and electronics products (5.1%).

In February, the mining sector output rose 6.1% compared to the same period of the previous year, due to the increase of 12% in the natural gas index, despite a 0.5% decrease in the crude oil and condensate index.

Meanwhile, the electricity sector output increased 6.8% in February of this years, compared to February 2019.