PETALING JAYA: The country’s Industrial Production Index (IPI) grew 5.1% year-on-year in March, steered by a 6.9% growth in the manufacturing sector, according to the Statistics Department. “The expansion of IPI was contributed by all three sectors, namely manufacturing index, electricity index (0.8% increase) and mining index (0.3% increase). Simultaneously, the growth of manufacturing sector was driven by both of export-oriented industry (7.8%) and domestic-oriented industry (5.1%). The performance of the manufacturing sector was also in line with the encouraging growth of exports. The IPI for the first quarter 2022 grew 4.5% year-on-year, due to the growth in manufacturing index (6.3%) and electricity index (3.7%).

Source: The Star May 11, 2022 04:13 UTC