KUALA LUMPUR, Dec 12 — Malaysia’s Industrial Production Index (IPI) grew by 4.6 per cent in October 2022, supported by expansion in the mining and manufacturing sectors, said the Statistics Department (DOSM) following the release of its October publication which presents IPI statistics on mining, manufacturing and electricity.
In a statement today, chief statistician Datuk Seri Mohd Uzir Mahidin said ‘the IPI decreased by 1.0 per cent against the positive growth of 1.3 per cent in the previous month’ of September.
He said the ‘moderation in growth’ came after double-digit growth for four consecutive months and the high base index recorded in the same month a year ago.
The statement said the October IPI expansion was contributed by an increment in mining index (8.6 per cent) and manufacturing index (4.2 per cent) while the electricity index recorded a decline of 1.9 per cent.
October 2022 manufacturing output rose by 4.2 per cent versus a 10.4 per cent growth in September 2022.
The main subsectors that contributed to the growth were electrical and electronics products (8.7 per cent); petroleum, chemical, rubber and plastic products (3.2 per cent); and non-metallic mineral products, basic metal, and fabricated metal products (3.0 per cent).
The performance of manufacturing sector during the month was supported by both export-oriented industries (5.0 per cent) and domestic-oriented industries (2.5 per cent).
Mohd Uzir said the increase in the export-oriented industry was mainly supported by the manufacture of computers, electronics and optical products, and the manufacture of coke and refined petroleum products.
Meanwhile, growth in the domestic-oriented industry was underpinned by fabricated metal products manufacturing, except machinery and equipment; and food processing products. The manufacturing sector fell 1.9 per cent against September 2022.
Mining sector output rose 8.6 per cent in October 2022 after expanding strongly by 15.0 per cent in September 2022.
The growth was contributed by a 11.4 per cent rise in the natural gas index, and a 4.8 per cent rise in the crude oil and condensate index.
The statement said the electricity index declined by 1.9 per cent in October 2022 versus a positive growth of 4.1 per cent in September 2022.
On a month-on-month comparison, the electricity index turned a positive 1.5 per cent after a declining trend for two consecutive months (September 2022: -3.7 per cent; August 2022: -0.2 per cent).
The IPI for January-October 2022 recorded a 7.5 per cent expansion versus the same period a year earlier, supported by the manufacturing index (9.1 per cent); electricity index (5.4 per cent) and mining index (2.3 per cent).
— Bernama
