KUALA LUMPUR, Oct 12 (NNN-Bernama) — Malaysia’s Industrial Production Index (IPI) soared 13.6 per cent in August 2022 as compared to the same month of the previous year, the Department of Statistics (DoSM) said.
In a statement Wednesday, it said the expansion of IPI was contributed by the manufacturing (15.2 per cent), electricity (10 per cent) and mining (eight per cent) sectors.
“The main subsectors that contributed to the growth of the manufacturing sector in August 2022 were electrical and electronics products (19.2 per cent), transport equipment and other manufacture products (53.6 per cent) and non-metallic mineral products, basic metal and fabricated metal products (13.6 per cent),” it said.
DoSM said the growth in the mining sector was spearheaded by the increment of eight per cent in the natural gas index and crude oil and condensate index respectively.
It said the manufacturing sector’s growth was driven by domestic-oriented industries (22.5 per cent) and export-oriented industries (12.4 per cent).
“The growth of the domestic-oriented industry was attributed to the manufacture of tobacco products and manufacture of motor vehicles, trailers and semi-trailers.
“Meanwhile, the increase in export-oriented industries was mainly supported by the manufacture of computer, electronics and optical products and manufacture of coke and refined petroleum products,” it said.
It said the manufacturing sector’s performance was also in line with the encouraging growth of exports.
Meanwhile, the IPI in the period of January to August 2022 recorded an expansion of 7.5 per cent as compared to the same period of the previous year.
“This increment was supported by the manufacturing index (9.6 per cent), electricity index (6.5 per cent) and mining index (0.2 per cent),” DoSM added.
In a separate statement, DoSM said Malaysia’s manufacturing sales value in August 2022 expanded 24.4 per cent to RM157.4 billion (US$33.6 billion).
The better performance was driven by the subsectors of electrical and electronics (E&E), petroleum, chemicals, rubber and plastics as well as food, beverage and tobacco products.
The E&E products subsector contributed 25.8 per cent to the sales value; petroleum, chemicals, rubber and plastic products subsector (27.6 per cent), and the food, beverage and tobacco products subsector (18.4 per cent), according to the Department of Statistics Malaysia (DOSM).
The total number of employees engaged in the manufacturing sector in August 2022 was 2.31 million persons, an increase of 4.3 per cent compared to 2.2 million persons in August 2021.
“The increment was contributed by the E&E products (6.9 per cent), wood, furniture, paper products and printing (4.9 per cent) and non-metallic mineral products, basic metal and fabricated metal products (3.2 per cent),” it said.
— NNN-BERNAMA