Thursday, 12 January 2017

Industrial production index up 6.2% in November

 Crude Oil Trading Signals in Malaysia

PETALING JAYA: Malaysia's modern creation list (IPI) extended 6.2% in November 2016 against that month a year prior. 

As indicated by the Statistics Department, the solid development was ascribed by higher lists over all areas, to be specific assembling (6.5%), mining (4.7%) and power (9.7%). 

The assembling division yield was driven by higher development in major subsectors – petroleum, synthetic, elastic and plastic items (6.1%); electrical and hardware items (8.9%) and sustenance, refreshments and tobacco (10.4%). 

The mining area yield grew 4.7% in November 2016 in the wake of enlisting an expansion of 3.5% in October 2016 because of the increment in the normal gas list by 13.2%. In any case, the raw petroleum file declined by 1.9%. 

The power part yield expanded 9.7% in November 2016 after an expansion of 6.9% in October 2016. 

In the interim, the assembling division recorded RM60.1 billion of offers in November 2016, an expansion of 8.2% or RM4.6 billion from the RM55.5 billion a year prior. 

The aggregate number of workers in the assembling division in November 2016 was 1.03 million, a development of 0.2% or 1,954. Profitability expanded 8.0% contrasted and that month of the earlier year.

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