KUALA LUMPUR (Nov 8): Malaysia’s industrial production index (IPI) grew 10.8% year-on-year (y-o-y) in September 2022, driven by the increase in the mining and manufacturing sectors. The mining sector rose 15% y-o-y in September, followed by manufacturing (10.4%) and electricity (4.1%), according to the Department of Statistics Malaysia (DOSM). The increase in the manufacturing sector was driven by both domestic-oriented (11.2%) and export-oriented industries (10.1%). The performance of the manufacturing sector was also in line with the encouraging growth of exports,” it noted. For the third quarter of 2022, the IPI climbed 12.2% compared to the same period of the previous year, thanks to growth in the manufacturing index (13.4%), electricity index (9%) and mining index (8.6%), the department said.

Source: The Edge Markets November 08, 2022 06:37 UTC