Malaysia’s Industrial Production Index (IPI) for the manufacturing sector has continued its upward momentum by growing 6.2% in July 2009. July was the fifth consecutive month of growth this year and the first time that manufacturing breached the index of 100 since December 2008.
Exports of manufactured goods grew by 11% in July 2009 although year-on-year manufacturing exports contracted by 15.4%.
The manufacturing sector’s sales value in July fell 22.4% to RM42.2 billion compared with RM54.4 billion reported in the same month last year. However, sales value grew 7% from June 2009.