Malaysia’s October industrial output up 1.7%, exceeds forecast

KUALA LUMPUR: Malaysia’s industrial production index (IPI) in October grew a strong-than-expected 1.7% on-year following a rebound in manufacturing, and surprised economists’ forecast of a 0.8% increase.

The Statistics Department said on Wednesday the October IPI was boosted by manufacturing, which rose 3.3% and electricity, up 4.8%. Mining fell 3.6%.

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