Highlights

Bimb Research Highlights

Author: kltrader   |   Latest post: Tue, 30 Nov 2021, 5:36 PM

 

Economics - Malaysia Economy - Industrial production dropped by 0.7% in August

Author:   |    Publish date:


  • IPI dropped -0.7% yoy in August
  • IPI posted negative growth in all sub-sectors except manufacturing
  • Production of the manufacturing sector expanded in August
  • Manufacturing sales increased 6.8% yoy; up 5.5% mom in August
  • Productivity increased 5.7% yoy in August
  • Global semiconductor sales remained strong in August up 29.7% yoy
  • Global industrial production remains constrained
  • Recovery in IPI to continue but uneven across industrial segment

IPI dropped -0.7% yoy in August

Malaysia’s industrial production index (IPI) decreased marginally -0.7% yoy in August following a 5.1% contraction in July 2021. August’s IPI marked the second straights month of contraction in industrial output, albeit at a moderated pace. The contraction in IPI was due to supply chain disruptions and prolonged strict restrictions led to industrial output producing at a suboptimal level. The decline in August 2021 was caused by the decrease in the index of electricity (-4.8%) and mining (-4.2%) which outweighed the increase in manufacturing (+0.6%)

On a monthly basis, the IPI in August expanded at a firm pace of 3.2%, driven by the manufacturing and electricity as more economic sectors opened up. The on-month recovery was in line with the transition phase of the National Recovery Plan (NRP) as the manufacturing sector was supported by the export-oriented industries. The growth in both manufacturing output (+5.3%) and electricity (+2.8%) offset the decrease in mining (-4.5%). In seasonally adjusted terms, IPI in August 2021 rose by 3.2%. The positive growth was due to the manufacturing index (5.3%) and electricity index (+2.3%) which offset the decline in mining index (-3.8%).

The IPI for the period of January to August 2021 recorded a growth of 8.2% compared to the same period of the previous year. This positive growth was driven by an increase of 10.4% in manufacturing, 3.0% in mining, and 1.7% in electricity.

Source: BIMB Securities Research - 13 Oct 2021

Share this

  Be the first to like this.
 


FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. Statement by Tony Pua on Tun Mahathir's upcoming book save malaysia!
2. How well is Malaysia controlling Covid 19 - Koon Yew Yin Koon Yew Yin's Blog
3. TOPGLOV ( 7113) The Story behind the Chart of TOP GLOVE CORP BHD KLSE Stocks Review
4. If only ATA IMS was as bold as its industry counterpart, VS Industry save malaysia!
5. Serba Dinamik - Two thirds cleared with one third being finalised. A little more to go. Pearlwhite's commentaries
6. The mispresented truth about Serba Dinamik – The mainstream medias' not so great headlines Pearlwhite's commentaries
7. [转贴] [Video:浅谈SAPURA ENERGY BHD, SAPNRG, 5218] - James的股票投资James Share Investing James的股票投资James Share Investing
8. Serba Dinamik is ever so helpful, but the rest refuses to leave Malaysia to finalise the SIR. Pearlwhite's commentaries
APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program
 
 

299  302  581  1104 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ATAIMS 0.525+0.085 
 MLAB 0.03-0.005 
 SAPNRG 0.050.00 
 HSI-CI2 0.325-0.015 
 EDUSPEC 0.0150.00 
 BCMALL 0.03+0.005 
 MMAG 0.090.00 
 FOCUS-WD 0.01+0.005 
 XOX 0.030.00 
 KANGER 0.020.00 
PARTNERS & BROKERS