Thursday, February 10, 2011

December industrial output up 4.2pct on-yr, up 2.1pct on-month

KUALA LUMPUR: The manufacturing sector grew at a faster pace in December 2010, pushing the industrial production index (IPI) up by 4.2% from a year ago.

The Statistics Department said on Thursday, Feb 10 the IPI increased by 2.1% from November. The increase in December 2010 was due to the manufacturing sector (up 7.8%) and electricity (2.4%). However, the MINING INDEX [] fell 3.4%.

'The IPI for the fourth quarter of 2010 increased 4.2% as compared with the same period of 2009. The index for the year of 2010 increased 7.5% as against the same period in 2009,' it said.

The department said the IPI in November 2010 was revised 5.4% year-on-year.

Meanwhile, the manufacturing sector recorded sales value of RM48.1 billion in December 2010, up 11.4% from the RM43.2 billion in December 2009.

'Month-on-month, the sales value also increased by 7.7% or RM3.4 billion as compared with the preceding month. The sales value in November 2010 was a revised positive 8.5% year-on-year to record RM44.7 billion,' it said.

The manufacturing sector also hired more workers in December 2010, with the total employees hired at 99,682, an increase of 3,738 persons or 0.4% from November.

Year- on- year, the number of workers employed increased 56,096 persons or 5.9%, as compared to 943,586 persons in December 2009.

Total employees in November 2010 was a revised positive 5.8% year-on-year to record 995,944 workers.

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