Factory output beats expectations of between 4% and 4.5%


Workers at rubber glove factory. Among the three indices, manufacturing increased the most in May at 7.8%, followed by electricity at 4.6% and mining at 1.4% year-on-year.

PETALING JAYA: The country’s industrial production index (IPI) for May rose 6% compared with a year earlier, outperforming economists’ expectations of between 4% and 4.5%.

Among the three indices, manufacturing increased the most at 7.8%, followed by electricity at 4.6% and mining at 1.4% year-on-year (y-o-y).

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Business , IPI , economy , exports

   

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