The Industrial Production Index (IPI) of Malaysia fell 5.2% in July from a year prior, the first failure since November 2020, official data showed.

The drop of the IPI was pulled by the manufacturing index which slid 6.5%, and the electricity index which slid 6.

6%, the Department of Statistics Malaysia (DOSM) said in a statement.

The key sub-sectors contributing to the slump in the manufacturing sector in July were transport equipment and further manufactures, non-metallic mineral products, basic metal and fabricated metal products, and wood products, furniture, paper products, and printing, according to the DOSM.

Temporarily, the mining index increases 0.6%, driven by the upsurge in the natural gas index.

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