Malaysia’s Industrial Production Index (IPI) contracted 0.5 per cent in October 2020
The Industrial Production Index (IPI) contracted 0.5 per cent in October 2020 as compared to the same month of the previous year. The deterioration of IPI in October 2020 was due to the significant decrease of 10.6 per cent in Mining index. Meanwhile the Manufacturing and Electricity index recorded a growth of 2.4 per cent and 1.0 per cent respectively.
The Manufacturing sector output based on year-on-year comparison grew by 2.4 per cent in October 2020 after recording a growth of 4.3 per cent in September 2020. The major sub-sectors contributing to the growth in Manufacturing sector in October 2020 were Electrical & Electronics Products (8.1%), Transport Equipment & Other Manufactures (3.5%) and Petroleum, Chemical, Rubber & Plastic Products (1.7%)
The Mining sector output dropped 10.6 per cent in October 2020 as compared to the same period of the previous year. The deterioration was due to the decrease in Crude Oil & Condensate index (-12.6%) and Natural Gas index (-9.0%).
The Electricity sector output increased 1.0 per cent in October 2020 as compared to the same month of the previous year.
The full publication of the Industrial Production Index, October 2020 can be downloaded through eStatistik portal.
Data for October 2020 is provisional. The data will be updated based on the latest available figures and subsequently published in the November 2020 publication.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
11 December 2020
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