Friday, September 9, 2011

July IPI down 0.6% on-yr as oil, gas output shrink

KUALA LUMPUR: Malaysia's industrial production index (IPI) decline in July 2011, from a year ago and also from June, as oil and gas production output shrank.

The Statistics Department said on Friday, Sept 9 the IPI in July eased 0.6% from a year ago. The IPI in June was revised positive 1.3% year-on-year.

'The decrease in July 2011 was due to the decrease of MINING INDEX [] (7.5%). However, the index of manufacturing and electricity posted an increase of 1.5% and 4.6% respectively.

'Month-on-month, the IPI decreased 0.6%. The cumulative index for the period of January-July 2011 increased 0.2% as compared with the same period of 2010,' it said.

On the manufacturing sector, the department said output in July 2011 increased 1.5% on-year.

It also said the output for June 2011 increased by 4.9% (revised) on-year.

The department said July's manufacturing performance, when compared with the revised June data, showed a 1.6% decline. However, growth in the January-July period increased by 3.6% from a year ago.

It added the on-year increase in manufacturing output in July 2011 was due to increases in non-metallic mineral products, basic metal and fabricated metal products (21.7%); food, beverages and tobacco products (8.5%) and wood products, furniture, paper products and printing (3.6%).

As for the mining sector, the output fell 7.5% in July 2011 on-year, due to declines in crude oil index (8.8%) and natural gas index (4.5%).

But when compared with June, mining output increased 1.0%. For January to July, the mining sector's output shrank 8.3% from a year ago.

The electricity output increased 4.6% in July 2011 on-year and also 3.8% higher on-month. For January-July, the electricity output increased 1.2% from a year ago.

No comments:

Post a Comment