Update Malaysia Feb 2014 IPI rises 6.7% y-o-y, up 2.9% m-o-m
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Update Malaysia Feb 2014 IPI rises 6.7% y-o-y, up 2.9% m-o-m
Update Malaysia Feb 2014 IPI rises 6.7% y-o-y, up 2.9% m-o-m |
Business & Markets 2014 |
Written by Jeffrey Tan of theedgemalaysia.com |
Thursday, 10 April 2014 12:09 |
KUALA LUMPUR (Apr 10): Malaysia’s industrial production index (IPI) grew 6.7% year-on-year (y-o-y) in February 2014, underpinned by higher growth in manufacturing index and electricity index, according to the Department of Statistics (DoS), Malaysia.
In a statement, the DoS said the manufacturing index rose 9.8% while the electricity index gained 8.7%. However, the mining index recorded a negative growth of 1.4%.
In seasonally adjusted terms, the IPI in February 2014 increased 2.9% month-on-month.
The DoS said the increase was due to the rise of 3.7% in manufacturing index and 4.3% in electricity index. But, the mining index decreased by 1.7%.
The DoS added the IPI in January 2014 has been revised to positive 3.5% y-o-y.
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