The Statistics Department data issued on Friday showed the decline in July's industrial production was sharper than the 1.9% forecasts, according to 12 economists surveyed in a Reuters poll.Commenting on the report, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the 5.2% fall in the IPI was due to the decrease in manufacturing index and electricity index .The manufacturing sector output based on year-on-year comparison decreased by 6.5% in July 2021 after recording a decline of 0.
The main subsectors contributed to the downturn in manufacturing sector in July 2021 were transport equipment & other manufactures , non-metallic mineral products, basic metal &Domestic-oriented industries shrank 24.7% while export-oriented industries grew by 1.9%. The mining sector output inched up 0.6% in July 2021 from a year ago. The growth was driven by the 4.1% increase in natural gas index. Meanwhile, crude oil & condensate index dropped by 3.6%.
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