KUALA LUMPUR, March 13 (NNN-Bernama) —\u00a0Malaysia\u2019s Industrial Production Index (IPI) growth\u00a0moderated to 1.8 per cent in January 2023 against 2.9 per cent in the preceding month, weighed down partly by a slower growth in manufacturing\u00a0output, said\u00a0the Department of Statistics Malaysia (DoSM).<\/p>\n\n\n\n
Chief statistician Dr Mohd Uzir Mahidin said the manufacturing sector\u2019s output grew 1.3 per cent year-on-year (y-o-y) versus 3.0 per cent in December 2022 while the electricity output contracted at a faster rate of 4.3 per cent compared with 2.2 per cent previously.<\/p>\n\n\n\n
Meanwhile, mining production expanded by 5.9 per cent, up from 3.9 per cent in December 2022.<\/p>\n\n\n\n
\u201cY-o-y growth of IPI for January 2023 was also the lowest recorded since August 2021,\u201d he said in a statement Monday.<\/p>\n\n\n\n
On a month-on-month comparison, the IPI decreased further by 2.3 per cent in January 2023 after registering a marginal drop of 0.6 per cent in the previous month. <\/p>\n\n\n\n
According to DoSM, both the export-oriented and domestic-oriented industries contributed to the moderation in the manufacturing sector\u2019s growth.<\/p>\n\n\n\n
Export-oriented industries\u2019 output growth slowed to 0.6 per cent from 2.7 per cent in the previous month, while domestic-oriented industries\u2019 production grew 2.7 per cent compared with 3.8 per cent in December 2022.<\/p>\n\n\n\n
The manufacture of computer, electronics and optical products, the largest contributor to manufacturing sector\u2019s production, recorded a lower output growth of 0.8 per cent against 7.6 per cent in the month before, in line with slower momentum of external trade sector and declining trend in global semiconductor industry, he said.<\/p>\n\n\n\n
Meantime, Mohd Uzir said rapid expansion was observed in the manufacture of coke and refined petroleum products with an output growth of 11.0 per cent as well as in the manufacture of vegetable and animal oils and fats at 8.3 per cent.<\/p>\n\n\n\n
He explained that production of domestic-oriented industries, which contributed to one-third of the manufacturing output, was propelled by the manufacture of motor vehicles, trailers and semi-trailers which accelerated by 12.2 per cent.<\/p>\n\n\n\n
The output growth was positive in almost all domestic-oriented industries products except for the manufacture of beverages and basic metals which posted declines during the month.<\/p>\n\n\n\n
On the mining sector\u2019s output performance, Mohd Uzir said the 5.9 per cent growth was due to the strong growth of 8.0 per cent in the crude oil and condensate index and 4.5 per cent in the natural gas index.<\/p>\n\n\n\n
\u201cThe mining index grew by 1.7 per cent (in January 2023) against 1.1 per cent growth recorded in the previous month,\u201d he said. <\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, March 13 (NNN-Bernama) —\u00a0Malaysia\u2019s Industrial Production Index (IPI) growth\u00a0moderated to 1.8 per cent in January 2023 against 2.9 per cent in the preceding month, weighed down partly by a slower growth in manufacturing\u00a0output, said\u00a0the Department of Statistics Malaysia (DoSM). Chief statistician Dr Mohd Uzir Mahidin said the manufacturing sector\u2019s output grew 1.3 per […]<\/p>\n","protected":false},"author":30,"featured_media":195175,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/214292"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=214292"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/214292\/revisions"}],"predecessor-version":[{"id":214294,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/214292\/revisions\/214294"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/195175"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=214292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=214292"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=214292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}