Malaysia’s Industrial Production Index (IPI) returns to positive growth of 1.7 per cent in December 2020
The Industrial Production Index (IPI) grew 1.7 per cent in December 2020 as compared to the same month of the previous year. The growth of IPI in December 2020 was driven by the Manufacturing index with 4.1 per cent. Meanwhile, Mining and Electricity index dropped 5.4 per cent and 0.2 per cent respectively.
The Manufacturing sector output based on year-on-year comparison rose by 4.1 per cent in December 2020 after recording a growth of 2.0 per cent in November 2020. The major sub-sectors contributing to the growth in Manufacturing sector in December 2020 were Transport Equipment & Other Manufactures (8.4%), Petroleum, Chemical, Rubber & Plastic Products (7.7%) and Electrical & Electronics Products (7.6%).
The Mining sector output dropped 5.4 per cent in December 2020 as compared to the same period of the previous year. The deterioration was due to the decrease in Crude Oil & Condensate index (-9.0%) and Natural Gas index (-2.5%).
The Electricity sector output edged down 0.2 per cent in December 2020 as compared to the same month of the previous year.
The IPI for the fourth quarter 2020 fell 0.3 per cent as compared to the same period of the previous year. The decrease was largely due to the contraction in Mining (-10.5%) and Electricity (-0.6%). Meanwhile, Manufacturing sector recorded an increase of 2.8 per cent.
The IPI for overall 2020 recorded a decline of 4.2 per cent as compared to the previous year. The drop was influenced by all indices; Mining index (-9.7%), Electricity index (-3.7%) and Manufacturing index (-2.7%).
The full publication of the Industrial Production Index, December 2020 can be downloaded through eStatistik portal.
Data for December 2020 is provisional. The data will be updated based on the latest available figures and subsequently published in the January 2021 publication.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
8 February 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