Malaysia’s industrial production slips 2.2% in June as manufacturing and mining output decline

[KUALA LUMPUR] Malaysia’s Industrial Production Index (IPI) fell 2.2 per cent year on year in June due to contractions in the manufacturing and mining sectors, the Department of Statistics Malaysia (DOSM) said on Tuesday (Aug 8).

The factory output figure reversed the growth of 4.7 per cent in May. It was also below the forecast of a 1 per cent decline by a group of 12 economists in a recent Reuters poll.

In June, the output from the manufacturing sector fell 1.6 per cent year on year, from 5.1 per cent growth in the previous month, mainly due to declining production of petroleum, chemical, rubber and plastic as well as electrical and electronics products.