KUALA LUMPUR, Feb. 7 (Xinhua) -- Malaysia's industrial production index (IPI) recorded an annual growth of 3.8 percent in 2024, compared to 0.7 percent in 2023, underpinned by positive growth in all sectors, official data showed Friday.
The Department of Statistics Malaysia said in a statement that the manufacturing index increased by 4.4 percent during the year, while the mining index and electricity index rose 0.7 percent and 5.6 percent respectively.
Meanwhile, the IPI increased by 4.6 percent in December 2024, driven by expansion across all sectors.
During the month, the manufacturing sector which comprises 68.3 percent of the total index, increased by 5.8 percent.
The mining sector recovered by recording a positive growth of 0.4 percent, while the electricity sector recorded a growth of 3.5 percent.
Overall, in the fourth quarter of 2024, the IPI recorded a slow growth of 3.4 percent compared to 3.9 percent recorded in the third quarter. ■
