Malaysia's Textile And Garment Industry Increased Capacity In January 2011
according to
Malaysia
Statistics released by the Statistics Bureau show that the industrial production index in January (2011) increased by 1% over the same period last year (the manufacturing index grew by 4.5%, the power index grew 0.3%, and the mining index fell 6.7%), which is inferior to the 1.4% expected market.
There are areas in which manufacturing capacity is increasing.
Spin
Clothing,
Leatherwear
And footwear growth 31.5%, non-metallic mineral products, basic metals and metal casting products growth 16% and oil, chemical, rubber, plastic products growth 10.7%.
Compared with the revised (12) month, the industrial production index in January increased by 0.4%, of which the mining index grew 1.6%, the electricity index grew 0.1%, and the manufacturing index fell 0.1%.
Malaysia economists pointed out that Malaysia's industrial production index in January alone grew by 1%, the lowest growth rate in 14 months, mainly due to the slow recovery of the mining index, coupled with the shrinking manufacturing sector, especially the decline in demand for electronic products, resulting in reduced exports.
The index of industrial production shows that Malaysia's overall economic growth still relies on external demand.
Domestic demand will play a heavy role as external demand continues to be weak and the appreciation of the Malaysian dollar will greatly impact on the export demand of manufactured goods in Malaysia.
It is expected that Malaysia's industrial production index will continue to grow in the next few months.
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