You are here

Malaysia Aug industrial output rises 3%

Monday, October 12, 2015 - 12:51

Workers inspect the quality of harvested oil palm fruit outside the processing mill at the Bell Eco Power Sdn. palm oil operations in Batu Pahat, Johor, Malaysia, on Mar 3, 2014.

[KUALA LUMPUR] Malaysia's August industrial production rose 3.0 per cent from a year ago, buoyed by higher manufacturing and mining output, but was below market expectations, data from the Statistics Department showed on Monday.

The median forecast from a Reuters survey of economists had been for annual industrial output to grow 4.0 per cent.

Output in July was up 6.1 per cent, well above predictions, due to manufacturing and mining sector growth.

August export data earlier this month was better than forecast. Exports 4.1 per cent from a year earlier on higher shipments to Singapore, China and the United States.

Malaysia's manufacturing Purchasing Managers' Index for September, however, contracted for a sixth consecutive month on weaker domestic market conditions.


Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom