Thursday, March 10, 2011

#Update* January industrial output up 1pct on-yr, up 0.4pct on-month

KUALA LUMPUR: Malaysia's industrial production index (IPI) increased 1% in January 2011 from a year ago. It increased 0.4% from December 2010.

The Statistics Department said on Thursday, March 10, the December IPI was revised 4.5% on-year.

'The increase in January 2011 was due to the increases in two indices: manufacturing (4.5%) and electricity (0.3%). However, the index of mining posted a decrease of 6.7%,' it said.

It said manufacturing output increased in January due to increases in the petroleum, chemical, rubber and plastic Products (10.7%); non-metallic mineral products, basic metal and fabricated metal products (16.0%); textiles, wearing apparel, leather products and footwear (31.5%).

The department said the mining sector decreased 6.7% in January 2011 on-year. This was due to the decreases in crude oil index (8.2%)''and natural gas index (3.5%). As compared with the preceding month, the mining output increased to 1.6%.

No comments:

Post a Comment