As expected...
- 11-02-2009: December industrial output falls 15.6%
KUALA LUMPUR: Malaysia’s industrial output contracted sharply in December, with the industrial production index (IPI) falling 15.6% on-year, with the manufacturing sector the worst affected.
The Department of Statistics said on Wednesday the IPI down 15.6% on-year after contracting 8.2% (revised) in November.
“The contraction in December 2008 was due to the decreases in the three indices: manufacturing (18.4%), mining (8.3%) and electricity (6.2%),” it said.
Month-on-month, the IPI was also down by 5.2%. The IPI for the fourth quarter of 2008 declined 9.0% as compared with the same period of 2007. The index for the year of 2008 edged up 0.2% as against 2007.
The department said manufacturing output fell 7.2% as against November 2008. As against the same quarter of 2007, manufacturing output for the fourth quarter of fell 10.4%. The annual output for the entire year of 2008 increased by a marginal 0.2% from a year ago.
“The contraction of the manufacturing output was due to decreases in the groups, office and accounting machinery (40.4%), electronic valves and tubes and other electronic components (35.3%) and television and radio transmitters and apparatus for line telephony and line telegraphy (33.4%),” it said.
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