November IPI up 5% year on year

KUALA LUMPUR: The Industrial Production Index (IPI) grew 5% in November 2017 compared with the same month in the previous year, supported by growth in all indices – manufacturing 6.7%, mining 0.2% and electricity 3.9%.
On an annualised basis, the output of the manufacturing sector in November increased strongly by 6.7% after registering an increase of 4.2% in October 2017. The major sub-sectors that recorded an expansion in November 2017 were petroleum, chemical, rubber and plastic products (7.5%), electrical and electronic products (6.9%) as well as food, beverages and tobacco products (8.2%).
The mining sector’s output grew 0.2% in November 2017, compared with 0.8% in October 2017. This was mainly due to the increase in the crude oil index (0.3%). The natural gas index fell 0.01%.
Electricity sector output expanded 3.9% in November 2017 on a yearly basis.