Hello and welcome to the details of Stats Dept: Malaysia’s industrial production grew 2.1pc in October, driven by manufacturing and now with the details
Nevin Al Sukari - Sana'a - Malaysia's Industrial Production Index rose by 2.1 per cent year-on-year in October 2024, spurred by steady output growth in the manufacturing sector, according to the Department of Statistics. — Picture by Choo Choy May .
Kuala Lumpur, Dec 12 — The Industrial Production Index rose by 2.1 per cent year-on-year in October 2024, spurred by steady output growth in the manufacturing sector, according to the Department of Statistics (DOSM).
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the IPI maintained positive growth in October 2024, albeit at a slower rate of 2.1 per cent after registering 2.3 per cent growth in the preceding month.
“The increase was spearheaded by the manufacturing sector which expanded by 3.3 per cent, up from 3.2 per cent in
September 2024 and a 2.5 per cent rose in Electricity output (September 2024: 3.9 per cent),” it said in a statement, today.
However, he said the production in the mining sector decreased further by 2.8 per cent as against negative growth of 2.2 per cent in the previous month.
“In terms of month-on-month, the IPI increased 1.7 per cent from negative 0.7 per cent in September 2024,” he added.
Meanwhile in separate statement, Mohd Uzir said the manufacturing sector sales grew by 3.0 per cent year-on-year, reached RM161.3 billion in October 2024.
“The Manufacturing sector continued its positive momentum, with a sales value of RM161.3 billion in October 2024, reflecting a 3.0 per cent growth, slightly surpassing the 2.9 per cent increase observed in the previous month.
He revealed the growth was primarily fuelled by a robust 11.2 per cent increase in the food, beverages & tobacco sub-sector, following a 5.6 per cent rise in September 2024.
“The growth was further supported by the increase in Electrical & electronics products sub-sector at 3.2 per cent, as well as the Non-metallic mineral products, basic metal & fabricated metal products sub-sector (4.4 per cent),” he said.
Meanwhile, for month-on-month basis, the sales value declined by 0.6 per cent from RM162.3 billion in September 2024. — Bernama
These were the details of the news Stats Dept: Malaysia’s industrial production grew 2.1pc in October, driven by manufacturing for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
