Money
Malaysia March factory output up 3.1pc y/y, below forecast
File photo of a worker preparing colour television sets on a production line at Japanese giant Sony Corp.u00e2u20acu2122s Malaysian factory in Kajang. u00e2u20acu201d AFP pic

KUALA LUMPUR, May 10 — Malaysia's industrial production index rose 3.1 in March from a year earlier, supported by gains in the manufacturing and electricity generation sectors, government data showed today.

Output growth in March was below the 3.5 per cent annual rise forecast in a Reuters poll, and up slightly from the 3 per cent recorded in February.

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

Manufacturing output rose 4.1 per cent from a year earlier in March, while the electricity generation sector grew 4.4 per cent, according to data from the Statistics Department.

The mining sector, however, recorded zero growth in March, the data showed.

Malaysia's exports rebounded in March after a slowdown in the previous month, underpinned by higher shipment of manufactured goods.

A private manufacturing purchasing managers' index showed Malaysian factory activity shrank for the third consecutive month in April, as output and new orders declined. — Reuters

Related Articles

 

You May Also Like