Thursday, July 8, 2010

#Flash* IPI for May up 12.5% on-yr

KUALA LUMPUR: Malaysia's industrial production index (IPI) surged 12.5% in May from a year ago, underpinned by the strong growth in the manufacturing sector.

The Statistics Department said on Thursday, that May IPI was up 3.3% from April. The April IPI was revised to 10.7% growth on-year.

"The increase in May 2010 was due to the increases in the two indices -- manufacturing (18.7%) and electricity (11.5%). However, the index of mining posted a decrease of 0.2%," it said.

The department said the cumulative index for January-May 2010 increased 11.3% from the previous corresponding period.

On the manufacturing output in May this year, the department said it increased 18.7% from a year ago. The output for April'' increased by 15.1% (revised) from a year ago also.

"As compared with the preceding month, the output for May 2010 increased 3.8%. The growth for the first five months of 2010 increased by 16.0% as compared with the same period of last year," it said.


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