Thursday, June 10, 2010

IPI up 10.1% y-o-y to 106.1 in April 2010

PUTRAJAYA: The industrial production index (IPI) rose 10.1% year-on-year (y-o-y) in April 2010 to 106.1, according to data released by the Department of Statistics Malaysia on Thursday, June 10.

It said that the rise in April this year was due to the increases in all indices, namely manufacturing (14.3%), mining (0.8%) and electricity (12.1%).

However, seen from a month-on-month (m-o-m) basis, April's IPI fell 4.2%, it said.

The IPI in March 2010 was revised 14.2% y-o-y, the department added.

Meanwhile, the cumulative index for the period of January - April 2010 increased 10.8%, as compared with same period in 2009.

Manufacturing output in April increased 14.3% y-o-y, while output for March 2010 rose 20.5% (revised) as compared to a year earlier. However, April output fell 4.3% m-o-m.

The growth for the first four months of 2010 increased by 15.1%, as compared with the same period last year.

The Department of Statistics said the output for the mining sector in April increased 0.8% y-o-y due to the increase in natural gas index (13.8%).

However, the crude oil index fell 4.5%, while mining output decreased to 4.6%, it said.

The electricity output fell 2.4% m-o-m, while for the period of January-April 2010, it registered an increase of 17% y-o-y.

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