KUALA LUMPUR: The Industrial Production Index (IPI) elevated 5.8 per cent in December 2021 as in comparison with the identical month of the earlier 12 months, the Department of Statistics Malaysia (DoSM) mentioned.
Chief statistician Datuk Sri Mohd Uzir Mahidin mentioned the growth of IPI was contributed by the increment of 8.4 per cent in the manufacturing index and three.7 per cent in the electrical energy index however the mining index recorded a decline of two.5 per cent.
“On a month-on-month foundation, the IPI elevated by 1.3 per cent pushed by the manufacturing, mining and electrical energy indices,” he mentioned in a press release at this time.
He mentioned the manufacturing sector output elevated by 8.4 per cent year-on-year in December 2021 after recording a progress of 11.3 per cent in November 2021.
“The most important subsectors that contributed to the expansion in the manufacturing sector in December 2021 have been electrical and electronics merchandise (18.2 per cent), meals, drinks and tobacco merchandise (10.3 per cent) and non-metallic mineral merchandise, primary steel and fabricated steel merchandise (5.3 per cent),” he mentioned.
Simultaneously, he mentioned the expansion of the manufacturing sector was pushed by each export-oriented trade (9.6 per cent) and domestic-oriented trade (5.7 per cent).
“The enhance in export-oriented industries was primarily supported by the manufacture of laptop, electronics and optical merchandise and manufacture of vegetable and animal oils and fat,” he mentioned.
He mentioned the efficiency of the manufacturing sector was additionally in line with the encouraging progress of exports.
Meanwhile, he mentioned the expansion for the domestic-oriented trade was attributed to the manufacture of meals merchandise and primary metals.
“The manufacturing sector on month-on-month foundation elevated 0.5 per cent as in comparison with November 2021 supported by greater capability utilisation particularly in {the electrical} and digital merchandise and petroleum, chemical, rubber and plastic merchandise subsectors,” he mentioned.
He mentioned the decline of mining sector output in December 2021 as in comparison with the identical interval of the earlier 12 months was because of the 5.5 per cent lower in crude oil and condensate index 0.2 per cent lower in pure gasoline index.
However, he mentioned the mining index registered a rise of 4.1 per cent as in comparison with the earlier month.
He mentioned the electrical energy sector output rose 3.7 per cent year-on-year in December 2021 whereas on the month-on-month comparability, the electrical energy index elevated by 1.7 per cent.
Mohd Uzir mentioned the IPI for the fourth quarter 2021 grew 6.9 per cent as in comparison with the identical interval of the earlier 12 months with the rise attributed to the expansion in the manufacturing index (9.2 per cent) and electrical energy index (4.3 per cent) whereas the mining index contracted 0.8 per cent.
He mentioned the IPI in 2021 recorded an growth of seven.4 per cent as in comparison with 2020 influenced by the rise in all elements together with the manufacturing index (9.5 per cent), electrical energy index (2.3 per cent) and mining index (1.5 per cent).
Mohd Uzir mentioned in comparison with the interval earlier than the prevalence of COVID-19 in 2019, IPI grew 2.7 per cent and the manufacturing index elevated by 6.6 per cent.
“Subsectors which surpassed the manufacturing index in 2019 have been electrical and electronics merchandise (17.2 per cent), petroleum, chemical, rubber and plastic merchandise (12.2 per cent), meals, drinks and tobacco (0.2 per cent).
“While the subsectors that haven’t but recovered have been non-metallic mineral merchandise, primary steel and fabricated steel merchandise (-9.2 per cent), textile, sporting attire, leather-based and footwear (-6.4 per cent), transport gear and different producers (-4.5 per cent) and wooden, furnishings, paper merchandise and printing (-1.4 per cent),” he added. – Bernama
IPI Dec 2021
