Which index of industrial production is calculated?

Which index of industrial production is calculated?

IIP is calculated by the Central Statistical Organisation (CSO). It is published every month keeping a gap of six weeks. CSO takes the base year as 2004-05. IIP is calculated as the weighted average of production relatives of all the industrial activities.

How many manufacturing industry are there in Malaysia?

The Department of Statistics, Malaysia (DOSM) is currently conducting the Monthly Manufacturing Survey, 2017 commencing reference month January 2017. The survey covers 155 out of a total of 259 industries in the Manufacturing Sector (based on the Malaysia Standard Industrial Classification, 2008).

What is Malaysia manufacturing industry?

Manufacturing has played a vital role in the economic transformation in Malaysia. Some of the key sub-sectors within the manufacturing industry in Malaysia are: petroleum, chemical, rubber and plastic products. food, beverages and tobacco. electrical and electronic products.

What is industrial production rate?

Industrial production measures the output of the industrial sector, which typically comprises mining, manufacturing, utilities and, in some cases, construction. Annual variation in industrial production as a percentage thus reflects the change in the volume of industrial output as compared to the previous year.

Who prepares index of industrial production?

the Central Statistical Organisation (CSO)
Definition: The Index of Industrial Production (IIP) is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time. The IIP index is computed and published by the Central Statistical Organisation (CSO) on a monthly basis.

Who compiles index of industrial production?

the Central Statistical Organisation(CSO)
The Index of Industrial Production(IIP) is compiled on a monthly basis by the Central Statistical Organisation(CSO) for which the Ministry of Industry provides data on 213item groups which accounts for 52% of the total weight.

What is Malaysia main export?

Malaysia’s main exports are: electrical and electronics products (36 percent), chemicals (7.1 percent), petroleum products (7.0 percent), liquefied natural gas (6 percent), and palm oil (5.1 percent).

Is Malaysia an industrial economy?

Malaysia has a newly industrialised market economy, which is relatively open and state-oriented. The Malaysian economy is highly robust and diversified with the export value of high-tech products in 2015 standing at US$57.258 billion, the second highest after Singapore in ASEAN.

What increases industrial production?

February’s improved reading was due to a faster increase in manufacturing output, which accounts for the bulk of industrial production. In addition, output of mining and electricity increased quickly. By use, industrial production was particularly boosted by a sharp rise in intermediate goods production.

What is the use of index of industrial production?

Definition: The Index of Industrial Production (IIP) is an index which shows the growth rates in different industry groups of the economy in a stipulated period of time. The IIP index is computed and published by the Central Statistical Organisation (CSO) on a monthly basis.

What is the use of Index of Industrial Production?

What is Index of Industrial Production India?

Index of Industrial Production meaning: IIP is an index that tracks manufacturing activity in different sectors of an economy. Index of Industrial Production India or IIP data is compiled and published by CSO every month.

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