Friday, 09 Apr 2021 12:39 PM MYT
Workers are pictured at their respective stations at a factory in Batu Maung November 22, 2019. Picture by Sayuti Zainudin
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KUALA LUMPUR, April 9 Malaysia s Industrial Production Index (IPI) increased 1.5 per cent year-on-year in February 2021, propelled by the 4.5 per cent rise in the manufacturing index, said the Department of Statistics Malaysia (DoSM).
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said conversely, the mining and electricity index dropped 6.0 per cent and 5.8 per cent, respectively.
On the manufacturing sector, he said the output rose by 4.5 per cent year-on-year (y-o-y) in February 2021.
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2021-04-09 10:05:54 GMT2021-04-09 18:05:54(Beijing Time) Xinhua English
KUALA LUMPUR, April 9 (Xinhua) Malaysia s Industrial Production Index (IPI) grew 1.5 percent in February year on year, mainly driven by a higher manufacturing index, official data showed Friday.
Malaysian Statistics Department said in a statement that the growth of IPI in February was driven by the manufacturing index which increased by 4.5 percent year on year.
Meanwhile, the mining and electricity index dropped 6 percent and 5.8 percent respectively.
According to the department, the major sub-sectors contributing to the growth in the manufacturing sector in February were electrical and electronics products, petroleum, chemical, rubber and plastic products, and transport equipment and other manufactures.
Friday, 09 Apr 2021 04:36 PM MYT
A bird s-eye view of Kuala Lumpur July 8, 2020. Picture by Hari Anggara
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KUALA LUMPUR, April 9 Malaysia’s Industrial Production Index (IPI) growth in the first two months of the year shows that the external environment has been constructive for the domestic economy.
The IPI, which is a monthly economic indicator measuring real output in the manufacturing, mining, electricity, and gas industries, rose 1.5 per cent year-on-year in February 2021, propelled by a 4.5 per cent rise in the manufacturing index.
Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the higher exports volume in February, which grew 17.6 per cent, had also translated into a continued positive print in IPI growth.
MSC Industrial Reports Fiscal 2021 Second Quarter Results
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FISCAL 2021 Q2 HIGHLIGHTS
Net sales of $774.0 million, a 1.5% decrease from the prior year quarter
Operating income of $28.0 million, or $80.5 million excluding $30.1 million in inventory write-downs, $21.6 million in restructuring costs, and $0.8 million in other charges
1
1
Adjusted diluted EPS of $1.03 vs. $1.02 in the prior year quarter
1
MSC INDUSTRIAL DIRECT CO., INC. (NYSE: MSM), MSC Industrial or the Company , a leading North American distributor of metalworking and maintenance, repair and operations (MRO) products and services, today reported financial results for its fiscal 2021 second quarter ended February 27, 2021.
Financial Highlights
$18.1
$57.6
-4.9%
1 Represents a non-GAAP financial measure. An explanation and a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure are presented in schedules accompanying t