Malaysia’s Industrial Production Index (IPI) contracted by 3.3 percent year on year in April, weighed down by all sectors, official data showed Friday.
The Department of Statistics Malaysia (DOSM) said in a statement that the mining sector fell 4.9 percent, while the manufacturing and electricity sector decreased by 3 percent and 2 percent, respectively.
In comparison with the preceding month, the IPI declined by 10.8 percent after registering a growth of 8.4 percent in March.
The contraction in the manufacturing sector in April marked the first fall since July 2021, mainly blamed on a decline of 3.5 percent in the export-oriented industries.—Xinhua
