PERFORMANCE OF INDUSTRIAL PRODUCTION INDEX

The Industrial Production Index (IPI) grew by 3.9% in February 2016 as compared with February 2015. The expansion in February 2016 was supported by positive growth in all indices: Manufacturing (4.5%), Mining (1.1%) and Electricity (10.5%). The IPI in January 2016 remained unchanged at 3.2% year-on-year.

In seasonally adjusted terms, the IPI in February 2016 recorded a growth of  0.9% month-on-month following an increase in all indices: Manufacturing (0.2%), Mining (0.4%) and Electricity (1.2%). 

PERFORMANCE OF MANUFACTURING SECTOR

Year-on-year basis, Manufacturing sector output rose 4.5% in February 2016 after registering a growth of 3.9% in January 2016. The major sub-sectors which recorded an expansion in February 2016 were: Electrical and Electronics Products (5.8%); Petroleum, Chemical, Rubber and Plastic Products (2.9%) and Wood Products, Furniture, Paper Products, Printing (9.6%). On a seasonally adjusted month-on-month basis, Manufacturing output edged up 0.2% in February 2016.

PERFORMANCE OF MINING SECTOR

The Mining sector output grew 1.1% in February 2016 as compared to the same month in 2015. This growth was mainly due to the increase of Crude Oil index (1.3%) and Natural Gas index (0.7%). On a seasonally adjusted terms, output for the Mining sector increased 0.4% as compared to January 2016.

PERFORMANCE OF ELECTRICITY SECTOR

The Electricity sector output expanded 10.5% in February 2016 on yearly basis. On a seasonally adjusted terms, Electricity sector output grew 1.2% as compared to the previous month.

Malaysia’s Industrial Production Index for the period of January to February 2016 expanded by 3.6% as compared to the same period of the previous year. The expansion was supported by the increase in all three indices: Manufacturing (4.2%); Mining (0.9%) and Electricity (9.0%).