Malaysia Jan factory output growth seen steady at 7.4% year-on-year: poll
[KUALA LUMPUR] Malaysia's January factory output likely grew 7.4 per cent from a year earlier, a Reuters poll showed, partly supported by a lower base in the same month of 2014.
The Lunar New Year holidays fell in January last year, but was in February this year.
Output in December 2014 was 7.4 per cent, above expectations as manufacturing, mining and electicity sectors helped boost factory output.
However, January's exports slipped as sales to China weakened. Exports fell 0.6 per cent, while imports dropped 5.3 per cent. With imports in the negative, the country's trade surplus came in at RM9.01 billion (S$3.37 billion).
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
‘To the Future’: Saudi Arabia spends big to become an AI superpower
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Overcrowded Venice introduces first payment charge for tourists
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do