Industrial production shoots up by 50% in April

Industrial production shoots up by 50% in April

This comes on the back of positive growth in the manufacturing, mining and electricity sectors.

The statistics department says the manufacturing sector grew by 68% in April compared with the same month last year.
PETALING JAYA:
Malaysia’s industrial production index (IPI) shot up 50% in April compared to the same period last year, driven by the manufacturing, mining and electricity sectors.

Chief Statistician Mohd Uzir Mahidin said the IPI was largely strengthened by a 68% boost in the manufacturing sector, which had grown 12.7% in March.

The major sub-sectors contributing to April’s growth were transport equipment and other manufacturing (up 275%), non-metallic mineral products, basic metal and fabricated metal products (up 141%) and electrical and electronics products (up 70%).

In a statement, Uzir said the mining sector output grew positively by 14% in April compared to the same period last year.

Electricity output also expanded 22.9% in April during the same period.

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