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Malaysia's July industrial output rises 6.1pc, well above market predictions
File photo of a container yard at North Port in Port Klang. u00e2u20acu201d Reuters pic

KUALA LUMPUR, Sept 10 ― Malaysia's July industrial production rose 6.1 per cent from a year earlier, well above market predictions, due to manufacturing and mining sector growth, data from the Statistics Department showed today.

A Reuters poll of economists had forecast annual industrial output would grow 4.8 per cent. Output in June was 4.3 per cent.

Data from earlier this month showed July's exports rose 3.5 per cent from a year earlier due to an increase in demand for electrical and electronic goods.

Malaysia's manufacturing Purchasing Managers' Index for August, however, charted its lowest readings in nearly three years, holding below 50 at 47.2 as production and purchasing activity declined. ― Reuters

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