Malaysia’s Industrial Production Index (IPI) surged 18.2 per cent in May 2020 compared to April 2020
The Industrial Production Index (IPI) surged 18.2 per cent in May 2020 as compared with the previous month since the government allowed more industries to resume operations in May 2020. Based on month-on-month comparison, the increment of IPI in May 2020 was due to the increase in all indices; index of Manufacturing (25.9%), index of Electricity (13.7%) and index of Mining (0.4%).
However, for year-on-year basis, the Industrial Production Index (IPI) tumbled 22.1 per cent in May 2020 as compared with the same month of the previous year. Deterioration of IPI in May 2020 was due to the significant decline in all indices; index of Manufacturing (-23.2%), index of Mining (-22.2%) and index of Electricity (-10.3%).
The output of Manufacturing sector in May 2020 contracted 23.2 per cent on year-on-year basis after recording 37.2 per cent declined in April 2020. The main sub-sectors contributing to the decrease in Manufacturing sector in May 2020 were Non-metallic Mineral Products, Basic Metal and Fabricated Metal Products (-45.1%), Transport Equipment and Other Manufactures (-38.5%) and Petroleum, Chemical, Rubber and Plastic Products (-24.3%).
The output in Mining sector dropped 22.2 per cent in May 2020 as compared to the same period of the previous year. The deterioration was due to the decreased in Crude Oil and Condensate index (-22.2%) and Natural Gas index (-22.2%).
The output in Electricity sector decreased 10.3 per cent in May 2020 as compared to the same month of the previous year.
The full publication of the Industrial Production Index, May 2020 can be downloaded through eStatistik portal.
Data for May 2020 is provisional. The data will be updated based on the latest available figures and subsequently published in the June 2020 publication.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
9 July 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