The overall annual growth was underpinned by a 4.9 percent rise in manufacturing and a 9.8 percent expansion of electricity output. Mining output advanced 2.4 percent.

On a seasonally adjusted month-on-month basis, the industrial production index contracted by 0.8 percent in January which was attributed by the reduction in manufacturing index and mining index of 1.5 percent and 1 percent respectively. On the other hand, electricity output surged 9.3 percent.

In a separate report, the statistical office said the sales value of the manufacturing sector registered an annual growth of 7.4 percent in January, following a 7.5 percent rise in December. Month-on-month, the sales value fell 0.9 percent in January, it said.