Malaysia IPI : July ~ 104.8 points

July IPI down 8.4% on-yr, up 7.1% on-mo

1.PERFORMANCE OF INDUSTRIAL PRODUCTION INDEX

Index July 2009
Industrial Production Index : 104.8
Mining index : 99.6
Manufacturing Index : 106.2
Electricity Index : 118.7

The Industrial Production Index (IPI) in July 2009 decreased 8.4% as compared with July 2008, follows a 9.5% (revised) year-on-year decline in June 2009. The drop in July 2009 was due to the decreases in the two indices: Manufacturing (12.0%) and Mining (1.9%). However, the index of Electricity posted an increase of 3.1%.

Month-on-month, the IPI increased 7.1%. The cumulative index for the period of January-July 2009 declined 12.0% as against the same period in 2008.

2. PERFORMANCE OF MANUFACTURING SECTOR

The Manufacturing output in July 2009 dropped 12.0% as against July 2008.
Output for June 2009 went down by 13.0% (revised) as compared with the same month of 2008.
As compared with the preceding month, the output for July 2009 increased 6.2%.
The growth for the first seven months of 2009 was lower by 16.1% as compared with the same period of last year.
The contraction of the Manufacturing output was due to decreases in the groups, Electrical and Electronics Products (26.2%); Wood Products, Furniture, Paper products, Printing (16.9%); and
Non-metallic Mineral Products, Basic Metal and Fabricated Metal Products (11.7%).

3. PERFORMANCE OF MINING SECTOR

The output for the Mining sector fell 1.9% in July 2009 as compared with the same month of 2008.
This was due to the decreases in crude oil index (5.5%).
However, the natural gas index increased to 8.2%.
As compared with the preceding month, the Mining output increased to 10.0%.
For the first seven months of 2009, the Mining sector recorded a decline of 3.9% as compared with the same period a year ago.

4. PERFORMANCE OF ELECTRICITY SECTOR

The Electricity output increased 3.1% in July 2009 as compared with the same month a year earlier.
As compared with the preceding month, the Electricity output posted an increase of 3.5%.
A decrease of 3.7% was registered in the period of January-July 2009 as compared with the corresponding period of 2008.

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