December industrial output up 3.4%, exceeds forecast


Manufacturing sector output increased by 4.4% in December 2018 after expanding by 3.7% in November 2018.

KUALA LUMPUR: Stonger manufacturing growth enabled the industrial production index (IPI) for December, 2018 to increase by 3.4%, exceeding a Bloomberg survey of a 2.7%.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Monday the growth in December 2018 was driven by the increase in manufacturing index (4.4%), electricity index (2.7%) and the mining index (1.0%).

Manufacturing sector output increased by 4.4% in December 2018 after expanding by 3.7% in November 2018. 

Underpinning manufacturing's growth in December were electrical and electronic equipment products (7.2%), transport equipment and other manufactures products (7.0%) and petroleum, chemical, rubber and plastic products (3.6%).

The electricity sector index increased by 2.7% in December 2018 from a year ago.

The mining sector index rose by 1% in December 2018 from a year ago due to the growth in crude oil index (2.5%) but the natural gas index slipped by 0.2%.

For 2018, the IPI increased by 3.1% from 2017. The increase was contributed by the growth in manufacturing sector (4.8%) and electricity sector (3.7%). However, the mining sector declined by 1.9%. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

manufacturing growth , Uzir Mahidin

   

Next In Business News

Ringgit soft as US$ remains elevated
Product innovation drives sales of local plastic packaging
Bursa's rally continues ahead of economic releases
Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Booming eCommerce bolsters consumption
Chemical recycling to reduce plastic waste
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023

Others Also Read