Malaysia’s December factory output up 3.4 pct y/y, above forecast

12-Feb-2019 Intellasia | Reuters | 6:00 AM Print This Post

Malaysia’s industrial production index rose faster than expected in December, rising 3.4 percent from a year earlier, government data showed on Monday.

Economists polled by Reuters had forecast December’s annual output growth to come in at 2.8 percent.

The pace was also faster than November’s output growth, which was initially recorded at 2.5 percent, but later revised to 2.6 percent. The Statistics Department did not provide a reason for the revision.

The index measures factory output from the manufacturing, electricity generation and mining sectors.

Growth in December was supported by gains in all three sectors, data from the department showed.

Manufacturing output rose 4.4 percent year-on-year in December, while the electricity generation sectoral index grew 2.7 percent.

Mining output shed previous month’s losses to gain 1 percent in December from a year earlier, the data showed.

Malaysia’s exports had risen 4.8 percent year-on-year in December, amid sustained demand for manufactured goods and chemicals and chemical products.


Category: Malaysia

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