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ios developer account('s July industrial production fell 5.2%, more than expected


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,Malaysia's industrial production fell 5.2%, more than expected, in July from a year earlier, government data showed on Friday.

KUALA LUMPUR: Malaysia's industrial production index (IPI) fell 5.2%, more than expected, in July from a year earlier, weighed down by weakness in the manufacturing sector.

The Statistics Department data issued on Friday showed the decline in July's industrial production was sharper than the 1.9% forecasts, according to 12 economists surveyed in a Reuters poll.

In June, the index was up 1.4%.

Commenting on the report, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the 5.2% fall in the IPI was due to the decrease in manufacturing index (-6.5%) and electricity index (-6.6%).

However, the mining index recorded an increase of 0.6%.

The manufacturing sector output based on year-on-year comparison decreased by 6.5% in July 2021 after recording a decline of 0.2% in June 2021.

The main subsectors contributed to the downturn in manufacturing sector in July 2021 were transport equipment & other manufactures (-43.8%), non-metallic mineral products, basic metal &

fabricated metal products (-27.6%) and wood products, furniture, paper products & printing (-23.7%).

Domestic-oriented industries shrank 24.7% while export-oriented industries grew by 1.9%.

The mining sector output inched up 0.6% in July 2021 from a year ago. The growth was driven by the 4.1% increase in natural gas index. Meanwhile, crude oil & condensate index dropped by 3.6%.

The electricity sector output contracted 6.6% in July 2021 from a year ago.



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