business
Malaysia’s January industrial output up 3.2% on year
The Statistics Department says mining and manufacturing output rose 0.7% and 3.9% respectively. Electricity production was 7.7% higher. – Reuters pic, March 11, 2016. Malaysia's industrial production index (IPI) rose 3.2% in January, from a year earlier, on higher mining, manufacturing and electricity output.
In a statement today, the Statistics Department said mining and manufacturing output rose 0.7% and 3.9% respectively. Electricity production was 7.7% higher.
"Year-on-year, manufacturing sector output grew 3.9% in January 2016, after registering a growth of 4.0% in December 2015.
"The mining sector output registered a growth of 0.7% in January 2016, as compared to the same month in 2015. This growth was mainly due to the increase of crude oil index (0.9%) and natural gas index (0.4%)," the department said.
In monthly terms, January IPI rose 0.5% from the preceding month, on expansion in all three components of the index, according to the department.
January IPI's 3.2% on-year growth compares with December 2015's 2.7% expansion. – The Edge Markets, March 11, 2016.
Please note that you must sign up with disqus.com before commenting. And, please refrain from comments of a racist, sexist, personal, vulgar or derogatory nature and note that comments can be edited, rewritten for clarity or to avoid questionable issues. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments