Malaysia’s Industrial Production Index (IPI) surged 50.1 per cent year-on-year (YoY) in April 2021, propelled by the strong performance of the manufacturing sector, said the Department of Statistics Malaysia (DOSM)
Moody’s Analytics expects Malaysia’s Industrial Production Index (IPI) growth to ease in the coming months due to tighter restriction measures and production capacity limitations, which will inevitably dent output.
16 more factories set up in first quarter this year
10 Jun 2021 - 8:07
File photo used for representation only.
Ayeni Olusegun/ The Peninsula
The manufacturing industry has contributed over QR10bn to Qatar’s GDP in the fourth quarter of 2020, according to a tweet by the Ministry of Commerce and Industry (MoCI).
The infographics posted on the Ministry’s official Twitter handle also indicate that Qatar added 16 new factories to its manufacturing sector.
A recent KPMG report stated that Qatar’s efforts to promote local manufacturing are expected to boost production value for the sector by approximately 30 percent in the next few years. The growth in the industry would create over 100,000 job opportunities by 2025, the report added.
Industrial Production Index rises in March
28 May 2021 - 9:52
The Peninsula
The Industrial Production Index (IPI) in March 2021 amounted to 100.7 points, registering an increase of 1.4 percent compared with February 2021, and a decrease of 0.1 percent, when compared to the corresponding month in 2020.
The Industrial Production Index consists of three main components: “Mining” with a relative importance of 83.6 percent, “Manufacturing” with a relative importance of 15.2 percent, “Electricity” with a relative importance of 0.7 percent, and finally “Water” with a relative importance of 0.5 percent.
The Planning and Statistics Authority issued yesterday a press release for March 2021 of Industrial Production Index to study and analyze the economic level of the state.