Malaysia's February industrial output rises 1.5% y/y, below forecast


KUALA LUMPUR: Malaysia's industrial production rose at a slower pace than expected in February, expanding 1.5% from a year earlier driven by higher factory output, government data showed on Friday.

The production index measures factory output in manufacturing, mining and electricity generation.

February's expansion undershot the 2% growth forecast by 11 economists in a Reuters poll, but was faster than the 1.2% rise recorded in January.

Manufacturing output rose 4.5% year-on-year in February, helped by export-oriented industries like electrical and electronics which saw production grow 10.3%, and an 8.9% jump in petroleum, chemical, rubber and plastic goods, the Statistics Department said in a statement.

Mining and electricity output, however, dropped 6% and 5.8%, respectively, the data showed.

Malaysia's exports in February exceeded expectations rising 17.6% from a year earlier, also lifted by higher shipments of electrical and electronic goods as well as commodity-based products.- Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

IPI , Manufacturing ,

   

Next In Business News

CPO futures close lower for second day
Syed Najib steps down as group CEO of Pos Malaysia
Azman Ahmad appointed OIC of FGV
Ringgit slips against greenback to end at 4.1160
New counter operating hours at EPF offices nationwide
Bursa closes broadly lower as 980 stocks in the red
Public Bank records 1Q net profit of RM1.53bil
MARC assigns stable outlook for Serba Dinamik’s RM1.5b debt papers
Moody’s changes outlook for global aviation industry to positive
Philippines joins Asean Collective Investment Schemes Framework

Stories You'll Enjoy


Vouchers