KUALA LUMPUR – The industrial production index (IPI) increased 12.5% in July 2022 compared to a year earlier, marking the second consecutive month of double-digit growth.
The Statistics Department (DOSM) said the stronger performance was driven by the manufacturing, electricity and mining sectors, which recorded growth of 14.9%, 13.2% and 3.2% respectively.
The manufacturing sector’s output jumped by 14.9% after recording a 14.4% year-on-year growth of 14.4% in June 2022, it said in a statement today.
“The main sub-sectors contributing to the growth in the manufacturing sector in July 2022 were transport equipment and other manufactures (73.6%), electrical and electronics products (17.3%), and non-metallic mineral products, basic metal and fabricated metal products (23.9%),” it added.
On the 3.2% rise in the mining sector’s output, DOSM said it was spearheaded by the increment of 12.6% in the natural gas index which offset an 8.6% decline in the crude oil and condensate index.
Meanwhile, domestic-oriented industries drove the growth of the manufacturing sector by 30.9% while export-oriented industries grew by 9.5%.
DOSM said the IPI for January-July 2022 expanded 6.6% against the same period of the previous year, supported by the manufacturing index (8.8%) and electricity index (6.1%).
Meanwhile, the mining index shrank 0.8%. – Bernama, September 9, 2022
