Industrial production dips by 4.9% in March

Electrical and electronic products saw a 5% drop in output in March 2020. (File pic)

PETALING JAYA: Industrial sectors suffered a 4.9% dip in production for March 2020 compared with the same period last year, the Department of Statistics Malaysia said today.

Chief Statistician Mohd Uzir Mahidin said the decline was attributed to a drop in production in the manufacturing, mining and electricity sectors.

“The decline in the Industrial Production Index in March 2020 was contributed to by the decrease in all indices, namely the index of manufacturing (-4.2%), index of mining (-6.5%) and index of electricity (-7.0%).”

The department also reported that the manufacturing sector output dropped 4.2% in March year-on-year after recording an increase of 6.2% in February.

The largest contributors to the drop of production in the manufacturing sector were electrical and electronics products (with a 5% decrease in output), non-metallic mineral products, basic metal and fabricated metal products (9.8% decrease in output) and food, beverages and tobacco (9.9% decrease in output).

As for the mining sector, the negative growth was due to a 6% decrease in natural gas production and 7.1% decrease in crude oil and condensate production.

However, the department said industrial production still grew 0.4% in the first quarter of 2020 compared to the same period in 2019.

“This positive growth was contributed to by the increase of 1.3% in the manufacturing index. Meanwhile, the electricity index and mining index recorded a reduction of 0.4% and 1.8% respectively.”

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