KUALA LUMPUR, Feb 9 — Malaysia’s industrial production rose 2.9 per cent in December from a year earlier, weighed down by weakness in the mining sector, government data showed today.
Factory output was well below the 4 per cent annual rise forecast in a Reuters poll, and down from the 5 per cent pace set in November.
Manufacturing sector output expanded 5.3 per cent from a year earlier in December, slowing from 6.7 per cent in the previous month, according to data from the Statistics Department.
The electricity generation sector rose 3.9 per cent year-on-year in December, while mining output contracted by 4.1 per cent, the data showed.
Industrial output reached a two-and-a-half year-high of 6.8 per cent in August.
On a monthly basis, factory output rose 2.2 per cent from November.
Malaysia’s exports in December rose 4.7 per cent from a year ago, sharply down from November’s 14.4 per cent growth as commodity prices and shipment volumes fell. — Reuters