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Malaysia: Jan 2009 IPI down 20.2% year on year

Posted on: March 13, 2009


Bernama – Friday, March 13

KUALA LUMPUR, March 12 (Bernama) — The Industrial Production Index (IPI) in January 2009 dropped 20.2 percent when compared with the same month in 2008, after a decrease of 15.9 percent in December 2008.

The contraction in January was due to the decline in the three indices, with manufacturing down 26.7 percent, mining 6.1 percent, and electricity 12.4 percent, said the Statistics Department.

Month-on-month, the IPI was down by 4.5 percent, it said in a statement today.

The manufacturing output in January 2009 shrank 26.7 percent compared with the same period last year, the department said.

Output was lower by 7.3 percent as against December 2008, it said.

It attributed the contraction in the manufacturing output to decreases in all of the seven manufacturing sub-sectors.

Output of petroleum, chemical, rubber and plastic products shrank 17.1 percent year-on-year in January 2009, the department said.

Rubber and plastic products declined 27.1 percent and chemicals and chemical products fell 29.9 percent, it said.

Under a month-on-month comparison, this sub-sector decreased by 0.2 percent.

The electrical and electronic products sub-sector dropped 45.3 percent in January 2009, according to the department.

This was largely due to the 50.1 percent decline posted in the electrical machinery and apparatus and 44.8 percent drop in radio, television and communication equipment and apparatus.

Month-on-month comparison, this sub-sector was down by 17.6 percent, it said.

The food, beverages and tobacco sub-sector dropped 15.2 percent in January 2009 compared with the same month of 2008, the department said.

Food products and beverages decreased 13.2 percent and tobacco products went down 65.5 percent, it said, adding that this sub-sector declined 4.0 percent compared with December 2008.

The non-metallic mineral products, basic metal and fabricated metal products sub-sector shrank 24.8 percent in January 2009, the department said.

Basic metals fell 44.0 percent and other non-metallic mineral products went down 27.6 percent.

This sub-sector declined by 8.1 percent compared with December 2008, it said.

The transport and other manufactures sub-sector dropped 16.8 percent in January 2009, the department said.

Other transport equipment declined 38.8 percent and motor vehicles, trailers and semi-trailers went down 18.6 percent, it said, adding that this sub-sector decreased by 18.4 percent compared with December 2008.

The wood products, furniture, paper products and printing sub-sector went down 20.3 percent in January 2009, the department said.

Paper and paper products dropped 40.9 percent and furniture fell 37.0 percent.

However, this sub-sector rose 0.8 percent compared with the previous month, it said.

The textiles, wearing apparel, leather products and footwear sub-sector suffered a 23.3 percent drop in January 2009, the department said.

Textiles decreased 30.8 percent and Footwear went down 22.7 percent, it said, adding that this sub-sector was lower by 13.7 percent compared with December 2008.

The mining sector output in January 2009 declined 6.1 percent compared with the same month in 2008, according to the department.

Production of crude petroleum decreased 5.3 percent and natural gas was down 8.0 percent.

Compared with the preceding month, output increased marginally by 0.8 percent, it said.

Generation of electricity in January 2009 declined 12.4 percent compared with the same period a year earlier, the department said.

Month-on-month, production was down 2.5 percent, it said. — BERNAMA

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