KUALA LUMPUR – Malaysia’s industrial production index (IPI) increased 1.5% year-on-year (y-o-y) in February 2021, propelled by the 4.5% rise in the manufacturing index, said the Statistics Department.
Chief Statistician Datuk Seri Mohd Uzir Mahidin said conversely, the mining and electricity index dropped 6.0% and 5.8%, respectively.
On the manufacturing sector, he said the output rose by 4.5% y-o-y in February 2021.
“The major sub-sectors contributing to growth in the manufacturing sector in February 2021 were electrical and electronics products (10.3%), petroleum, chemical, rubber and plastic products (8.9%) as well as transport equipment and other manufacturers (3.2%),” he said in a statement today.
He said the export-oriented industries drove the manufacturing sector’s growth by 5.8%, while domestic-oriented industries increased by 1.8%.
Meanwhile, Uzir said the mining sector’s output dropped 6.0% y-o-y in February 2021 due to the decrease in crude oil and condensate index (-11.5%) and natural gas index (-1.6%), while the electricity sector’s output contracted 5.8% y-o-y in February 2021. – Bernama, April 9, 2021
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