Malaysia's Industrial Production Index (IPI) surged 9.3 per cent in March 2021, the highest since July 2013
The Industrial Production Index (IPI) jumped 9.3 per cent in March 2021 as compared to the same month of the previous year. The growth of IPI in March 2021 was driven by the Manufacturing and Electricity index which increased 12.7 per cent and 10.3 per cent respectively. Meanwhile, Mining index dropped 1.9 per cent.
The Manufacturing sector output based on year-on-year comparison rose by 12.7 per cent in March 2021 after recording a growth of 4.5 per cent in February 2021. The major sub-sectors contributing to the growth in Manufacturing sector in March 2021 were Transport Equipment & Other Manufactures (20.9%), Petroleum, Chemical, Rubber & Plastic Products (14.1%) and Electrical & Electronics Products (13.8%). The export-oriented industries driven the growth of the Manufacturing sector by 12.4 per cent while domestic-oriented industries increased by 13.4 per cent. The growth of the Manufacturing sector was also driven by the high capacity utilization rate especially in Electrical & Electronic Products and Petroleum, Chemical, Rubber & Plastic Products sub-sectors.
The Mining sector output dropped 1.9 per cent in March 2021 as compared to the same period of the previous year. The deterioration was due to the decrease in Crude Oil & Condensate index (-9.4%). Meanwhile, Natural Gas index grew positively 4.3 per cent.
The Electricity sector output expanded 10.3 per cent in March 2021 as compared to the same month of the previous year.
The IPI for the first quarter 2021 increased 3.9 per cent as compared to the same period of the previous year. The growth was due to the expansion 6.8 per cent in Manufacturing index. Meanwhile, Mining and Electricity sector recorded a deterioration of 4.1 per cent and 0.1 per cent respectively.
The full publication of the Industrial Production Index, March 2021 can be downloaded through eStatistik portal.
Data for March 2021 is provisional. The data will be updated based on the latest available figures and subsequently published in the April 2021 publication.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
6 May 2021
Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
E-mail : yusrizal.razak[at]dosm.gov.my