Malaysia's Industrial Production Index (IPI) grew at a slower 3.1% in February compared to 4.3% in January, with manufacturing sector growth slowing to 1.2%.
Malaysia's Industrial Production Index (IPI) grew at a slower pace of 3.1% in February, compared to a 4.3% increase in January, due to slower growth in specific industries, according to the Department of Statistics Malaysia. The manufacturing sector's growth slowed to 1.2% compared to 3.7% in January, while the mining and electricity sectors accelerated, with growth rates of 8.1% and 10.9% respectively. All sectors reported positive growth during the first two months of 2024, with the IPI expanding by 3.7% compared to 2.4% for the same period in the previous year.
April 08, 2024
14 Articles