Published on: Saturday, April 10, 2021 By: Bernama Text Size: Kuala Lumpur: 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 (pic) said the higher exports volume in February, which grew 17.6 per cent, had also translated into a continued positive print in IPI growth.