Kuala Lumpur – Malaysia’s industrial production index (IPI) saw a year-on-year expansion of 5.3 percent in July, primarily fueled by a significant increase in manufacturing output, according to the latest data released by the Department of Statistics Malaysia (DOSM).

According to Namibia Press Agency, the DOSM’s report on Tuesday detailed that the manufacturing sector’s output climbed by 7.7 percent, contributing robustly to the overall growth of the IPI. The electricity sector also showed strong performance with a 7 percent increase. However, the mining sector experienced a downturn, with a decline of 5 percent during the same period.

The report further highlighted that both export-oriented and domestic-oriented industries recorded positive growth figures in July, with increases of 7.8 percent and 7.5 percent respectively. This indicates a healthy demand for Malaysian manufactured goods both at home and abroad.

Contrasting with the annual growth, the IPI experienced a month-on-month decrease of 1.5 percent, down from a growth of 4.8 percent in the previous month, reflecting some short-term fluctuations in industrial output.

Over the first seven months of the year, the IPI rose by 4.1 percent compared to the same period last year, demonstrating sustained growth across various sectors. The mining index saw a rise of 2.9 percent, the manufacturing index improved by 4.1 percent, and the electricity index increased by 7.1 percent, showing an overall positive trend in the country’s industrial sector.