Malaysia’s Industrial Production Index (IPI) rose 7.5% in November as compared with the same month in 2011, said the Department of Statistics Malaysia.
In a statement yesterday, the department said that the increase was due to a rise in all indices, with manufacturing recording a 7.6% growth while mining expanded by 7.5% and electricity, 6%.
It said the IPI in October 2012 had been revised to a positive 6.4% year-on-year.
“On a seasonally adjusted month-on-month basis, the IPI in November 2012 went up by 1.4%, contributed by all indices: manufacturing (1.4%), mining (1.5%) and electricity (2.%),” it said.
The manufacturing sector’s sales value in November, meanwhile, saw a growth of 7.6% to RM51.1bil from RM47.6bil reported a year ago, while that for October rose a revised 6.6% from a year ago. “The major sub-sectors registering increases in manufacturing output in November 2012 were petroleum, chemical, rubber and plastic products (6.2%); electrical and electronic (E&E) products (9.7%); and wood products, furniture, paper products and printing (12.1%).”
Meanwhile, research firm CIMB Research in a note yesterday said that Malaysia’s November IPI – sustaining its momentum for the third month – was a positive sign that the economy should still expand at a steady pace in the fourth quarter of 2012. “October-November IP data demonstrated the resilience of the domestic economy against external headwinds.