Malaysia’s IPI grows 4.9 pct in Q3-Xinhua

KUALA LUMPUR, Nov. 8 (Xinhua) — Malaysia’s industrial production index (IPI) grew 4.9 percent year-on-year in the third quarter as compared to 2 percent in the second quarter, official data showed Friday.

The Department of Statistics Malaysia said in a statement that this significant growth was contributed by all sectors, including manufacturing (4 percent), mining (10.3 percent) and electricity (1.9 percent).

On a quarter-on-quarter comparison, the IPI rose by 6.6 percent.

Meanwhile, the IPI grew at a moderate 3.1 percent in the first nine months, compared with the same period in the preceding year.

This was underpinned by a 4 percent expansion in the manufacturing index. The mining index and electricity index also recorded marginal growth of 0.2 percent and 0.1 percent, respectively.

As for September, the IPI expanded by 5.7 percent.

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