DOSM: June 2024 sees Malaysia’s IPI rise 5pc year-on-year, marking six months of steady growth

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DOSM: June 2024 sees Malaysia’s IPI rise 5pc year-on-year, marking six months of steady growth - Malay Mail

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KUALA LUMPUR, Aug 9 — Malaysia’s Industrial Production Index (IPI) rose by 5 per cent year-on-year in June 2024, sustain...

He pointed out that for the second quarter of 2024 (2Q 2024), the IPI advanced further by 4.5 per cent as against 3.3 per cent recorded in the first quarter of 2024 (1Q 2024), driven by the manufacturing sector growth of 4.9 per cent (1Q 2024: 2.1 per cent).“Meanwhile, the IPI for mining and electricity sectors grew modestly by 2.4 per cent (1Q 2024: 5.9 per cent) and 5.3 per cent (1Q 2024: 9.1 per cent) respectively.“The IPI dropped by 1.2 per cent in 2Q 2024 against 1Q 2024, influenced by a decline in the mining sector,” he added.

KUALA LUMPUR, Aug 9 — Malaysia’s Industrial Production Index (IPI) rose by 5 per cent year-on-year in June 2024, sustaining a positive momentum for six consecutive months, driven by consistent growth in the manufacturing sector, according to the Department of Statistics Malaysia (DoSM).