Thursday, November 10, 2011

Sept industrial output up 2.5% on-yr, down 1.9% from Aug

KUALA LUMPUR (Nov 10): Malaysia's industrial production index (IPI) in September rose 2.5% from a year ago, underpinned by the manufacturing sector.

The Statistics Department said on Thursday the increase in September was driven by growth in the manufacturing and electricity, which indices expanded 8.2% and 6.4% respectively. However, the index of mining fell 12.0%.

The IPI in August was revised to a 3.7% growth on-year. Month-on-month, the IPI fell 1.9 %.

'The cumulative index for the period of January-September 2011 increased 0.9% as compared with the same period of 2010,' it said.

According to the department, the manufacturing output in September increased 8.2% on-year and by 5.9% (revised) from a year ago.

'As compared with the preceding month, the output for September 2011 marginally decreased by 0.7%. The growth for the first nine months of 2011 increased 4.4% as compared with the same period of a year earlier,' it said.

The increase in the manufacturing output in September was due to increases in petroleum, chemical, rubber and plastics products (8.1%); non-metallic mineral products, basic metal and fabricated metal products (17.9%) and food, beverages and tobacco products (11.4%).

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