PUTRAJAYA: The industrial production index (IPI) increased 9.4% in November 2021 as compared to the same month of the previous year, according to the Statistics Department.
According to a poll by Reuters, November’s IPI is expected to expand 7%.
“The expansion of IPI was attributed to an increase of 11.3% in the manufacturing index, 5.1% in the electricity index and 3.7% in the mining index.
“On a month-on-month basis, the IPI increased by 0.9% driven by the manufacturing index and mining index,” chief statistician Datuk Seri Dr. Mohd Uzir Mahidin said in a statement.
The manufacturing sector output based on year-on-year comparison increased by 11.3% in November 2021 after recording a growth of 8% in October 2021.
The main subsectors that contributed to the growth in the manufacturing sector in November 2021 were electrical & electronics products (17.8%), food, beverages & tobacco products (12.9%) and petroleum, chemical, rubber & plastic products (8.5%).
Simultaneously, the growth of the manufacturing sector was driven by both export-oriented industry (12.5%) and domestic-oriented industry (8.8%).
The manufacturing sector on a month-on-month basis also increased 0.1% as compared to October 2021 where the increment was reflected by higher capacity utilisation compared to last month, especially in the petroleum, chemical, rubber & plastic products, transport equipment & other manufactures and electrical & electronic products subsectors.
The mining sector output grew 3.7% in November 2021 as compared to the same period of the previous year.
The growth was contributed by the increment of 10.2% in the natural gas index.
Meanwhile, crude oil and condensate index contracted by 4.4%.
The mining index registered an increase of 6.8% as compared to the previous month.
The electricity sector output rose 5.1% in November 2021 as compared to the same month last year. On a month-on-month comparison, the electricity index declined by 5%.
“The IPI in the period of January to November 2021 recorded an expansion of 7.5% as compared to the same period of the previous year.
“The increment was impelled by the rise in all components; manufacturing index (9.6%), electricity index (2.1%) and mining index (1.9%),” it said.