Business News

Published: Tuesday June 11, 2013 MYT 9:49:00 AM
Updated: Tuesday August 27, 2013 MYT 10:03:06 AM

Malaysia's April industrial output up 4.7% on-year, beats survey

KUALA LUMPUR: Malaysia's industrial production index (IPI) rose stronger-than-expected to 4.7% in April from a year ago, exceeding economists' expectations of 1.6% growth.

The Statistics Department said on Tuesday the stronger growth was due to a 6% on-year increase in the manufacturing index while electricity index surged 8.0%. However, the mining index slipped 0.1%.

It said the IPI in March was revised to a negative 0.1% on-year.

The department said in seasonally adjusted terms, the April's IPI rose 3.9% on-month, boosted by manufacturing, which grew 5.4% and electricity 0.5%. However, mining recorded a 0.8% decline.

Tags / Keywords: Malaysia's April, Industrial output, Beats survey

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