KUALA LUMPUR: Malaysia’s Industrial Production Index (IPI) accelerated 6.1 per cent year-on-year in April 2024, underpinned by higher output growth in the manufacturing sector, according to the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Mohd Uzir Mahidin said the IPI growth accelerated further in April after registering 2.4 per cent in the preceding month, sustaining a positive momentum for four consecutive months. The manufacturing sector output rose by 4.9 per cent, while mining posted a vigorous growth of 10.0 per cent and the electricity sector remained steady at 7.6 per cent. "The increase in manufacturing output in April 2024 was supported by higher production in export-oriented industries by 2.6 per cent against 0.5 per cent recorded in March 2024. "During the period, all sectors posted an expansion, namely the mining index, manufacturing index and electricity index," he added.

Source: The Star June 10, 2024 10:19 UTC