Published: Friday February 8, 2013 MYT 12:07:00 PM
Malaysia's December industrial output grows at slower pace of 3.7%
KUALA LUMPUR: Malaysia's industrial production index (IPI) increased at a slower pace of 3.7% in December 2012 from a year ago, below the consensus of 6%.
The Statistics Department said on Friday the expansion was contributed by manufacturing (4.6%), mining (0.9%) and electricity (5.6%). The IPI in November 2012 has been revised positive 7.1% year-on-year.
On a seasonally adjusted month-on-month, the IPI in December 2012 dropped by 2.3% due to the decreases of manufacturing index (2.3%) and mining index (3.6%). However, the index of electricity registered a marginal increase of 0.1%," it said.
The department said manufacturing output in December 2012 rose by 4.1% on-year after a revised 7.0% gain in November 2012.
The major sub-sectors registered increases in manufacturing output in December 2012 were electrical and electronics products (6.4%); petroleum, chemical, rubber and plastic products (2.5%); and wood products, furniture, paper products, printing (7.9%).