Chief Statistician Uzir Mahidin said the manufacturing and electricity sectors recorded increases of 6.9% and 2.8% respectively, while the mining sector shrank 4.9%.
“On a month-on-month basis, the IPI deteriorated by 1% as a result of a fall in manufacturing and mining components,” he said in the Malaysia Index of Industrial Production statement for May 2022 today.
Uzir said the manufacturing sector output, based on year-on-year comparison, increased by 6.9% in May 2022 after recording a growth of 6.2% in April 2022.
“The main subsectors that contributed to the growth in the manufacturing sector in May 2022 were electrical and electronics (E&E) with a 15.5% expansion, transport equipment and other manufacturing products (12.4%) as well as non-metallic mineral products, basic metal and fabricated metal products (5.2%),” he said.
The growth of the manufacturing sector was driven by both the domestic-oriented industry (8.7%) and export-oriented industry (6.1%).
The expansion in the domestic-oriented industry was attributed to the production of motor vehicles, trailers and semi-trailers and the manufacture of food processing products.
“Meanwhile, the increase in export-oriented industries was mainly supported by the production of computers, electronics, optical products, chemicals and chemical products,” he said.
The performance of the manufacturing sector was also in line with the encouraging growth of exports.
For month-on-month (m-o-m) comparison, the manufacturing sector contracted 1.3% compared to April 2022 as it was affected by lower capacity utilisation, especially in food, beverages, tobacco products and non-metallic mineral products, basic metal and fabricated metal products sub-sectors.
He said the mining sector output declined 4.9% in May 2022 compared to the same period of the previous year.
“The deterioration was affected by the fall of 6.7% in crude oil and and a downturn of 3.6% in the natural gas index.
“The mining index also registered a 0.6% decrease compared to the previous month,” he said.
The electricity sector output rose 2.8% in May 2022 compared to the same month of the previous year, while in terms of m-o-m comparison, the electricity index grew 1.5%.
The IPI in the period of January to May 2022 recorded an expansion of 4.4% compared to the same period of the previous year.
The increment was supported by the manufacturing index (6.4%) and electricity index (3%), while the mining index shrank 2.1%.