IPI up 4.0 percent in May 2019

KUALA LUMPUR: The Industrial Production Index (IPI) grew by four percent in May 2019 as compared with the same month last year, driven by the increase in the index of electricity (5.7 percent), manufacturing (4.2 percent) and mining (three percent), said the Department of Statistics yesterday.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the manufacturing sector output rose by 4.2 percent in April 2019 as compared with May 2018 after recording a growth of 4.3 percent in April 2019. 

“The major sub-sectors contributing to the increase in May 2019 were transport equipment and other manufactures products (6.9 percent), electrical and electronics products (3.7 percent) and petroleum, chemical, rubber and plastic products (3.2 percent),” he said in a statement yesterday.

The output in the mining sector increased by three percent year-on-year in May 2019 which was the highest growth since September 2017, contributed by the natural gas index (7.6 percent), while the crude oil index decreased by two percent.

The electricity sector output went up 5.7 percent in May 2019 as compared with May 2018.

Meanwhile, the IPI between January 2019 and April 2019 rose 3.2 percent as compared with the same period of the previous year, driven by the growth in the electricity sector (5.8 percent) and manufacturing sector (4.1 percent).

Meanwhile, the mining sector declined by 0.1 percent. – Bernama