PERFORMANCE OF INDUSTRIAL PRODUCTION INDEX

The Industrial Production Index (IPI) increased by 6.1% in July 2015 as compared to the same month of the previous year. The expansion in July 2015 was supported by positive growth in Manufacturing (4.2%) and Mining (14.0%). However, the Electricity index declined by 1.2%. The IPI in June 2015 remained unchanged at 4.3% year-on-year.

In seasonally adjusted terms, the IPI in July 2015 recorded a marginal decrease of 0.1% month-on-month due to the decrease in Manufacturing index (2.4%). Meanwhile, the index for Mining and Electricity increased by 2.3% and 0.7% respectively.

PERFORMANCE OF MANUFACTURING SECTOR

Year-on-year, Manufacturing sector output grew moderately at 4.2% in July 2015 after an increase of 4.9% registered in June 2015. The major sub-sectors which increased in July 2015 were: Electrical and Electronics Products (7.2%); Petroleum, Chemical, Rubber and Plastic Products (3.3%) and Transport Equipment and Other Manufactures (8.8%). On a seasonally adjusted month-on-month basis, Manufacturing output  declined by 2.4% in July 2015.

PERFORMANCE OF MINING SECTOR

The Mining sector output recorded substantial growth of 14.0% in July 2015 as compared to the same month in 2014. This expansion was contributed by the increase of Crude Oil index (7.5%) and Natural Gas index (22.3%). As against June 2015, seasonally adjusted output for the Mining sector edged up by 2.3%.

PERFORMANCE OF ELECTRICITY SECTOR

The Electricity sector output fell 1.2% in July 2015 on yearly basis. In seasonally adjusted terms, Electricity sector output grew marginally by 0.7% in July 2015 as compared to the previous month.

Malaysia’s Industrial Production Index for the period of January to July 2015 posted a growth of 5.5% as compared to the same period of the previous year. The increase was due to the rise in all three indices: Manufacturing (4.7%); Mining (8.3%) and Electricity (1.7%).