Wednesday 21 November 2018
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todayonline - 12 days ago

Malaysia s September factory output up 2.3 percent year on year, just above forecast

KUALA LUMPUR - Malaysia s industrial production index rose 2.3 percent in September from a year earlier, slightly faster than the previous month, supported by gains in the manufacturing and electricity generation sectors, government data showed on Friday. Economists polled by Reuters had forecast September s output growth to remain unchanged at 2.2 percent for a second month in a row. The index measures factory output from the manufacturing, electricity generation and mining sectors. Manufacturing output grew 4.8 percent year-on-year in September, while the electricity generation sectoral index rose 4.2 percent, data from the Statistics Department showed. Mining output, however, declined for a fifth straight month, falling 6.2 percent. Malaysia s exports rebounded in September from a drop in the previous month, driven by demand for manufactured and mining goods. REUTERS

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