| Malaysia's August IPI fall lowest in 10 months |
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| Tuesday,October 13,2009 Posted: 16:59 BJT(0859 GMT) |
| From:Economic & Commercial Counsellor's Office of the Embassy of the P.R. China in Malaysia Article type:Original |
Malaysia’s Industrial production index (IPI) fell the least in 10 months in August, falling 5.7% year-on-year, adding to growing signs the country’s economy is improving. The manufacturing index, a component of the IPI, contracted 6.6% in August but the figure was viewed positively by analysts as this was the first single-digit decline recorded since November last year. Against July, the August IPI dropped 1.1%. This was largely due to a 5.8% drop in the mining sector. The key manufacturing sector showed a 1% increase in August against the preceding month, while electricity consumption eased 0.8%.The cumulative index for the period of January-August this year declined 11.2% compared with same against last year. The manufacturing sector recorded a 14.8% drop during the first eight months of 2009, mining output fell 7.1%, while the electricity sector showed a 2.8% contraction. |
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