Malaysian IPI up 3.6 pct for September

Malaysia's Industrial Production Index (IPI) for September rose by 3.6 percent to 136.8 on a year-on-year basis, the Department of Statistics said Wednesday.

The positive growth was driven by the rises in the manufacturing and electricity indices, which expanded by 5.9 percent to 143.7 and 4.2 percent to 154.3 respectively.

The mining index, however, declined by 5 percent to 111.3, the department said in a statement released here.

As compared with the preceding month, the IPI for September decreased by 1 percent.

The decrease was due to the lower index in all sectors, with the electricity index down 3 percent, mining index down 2.7 percent and manufacturing index by 0.4 percent, said the department.

During the first nine months this year, the IPI surged by 5.6 percent to 133.7 as compared with the same period last year, it added.

The IPI is the measure of the rate of change in the production of industrial commodities in real terms over time. These commodities are obtained from the manufacturing, mining and electricity sectors.

Source: Xinhua