Malaysia April factory output up 4.0% y-o-y, in line with forecast

[KUALA LUMPUR] Malaysia's industrial production in April rose 4.0 per cent from a year earlier, in line with market expectations, data from the Statistics Department showed on Thursday.

The index for March was revised upwards to 7.1 per cent from 6.9 previously.

A Reuters poll had forecast factory output to increase at a slower pace of 4.0 per cent from a year ago, after registering stronger-than-expected growth a month earlier.

The department's data earlier showed that exports for April fell 8.8 per cent from a year earlier, worse than expected, as lower gas prices affected shipments.

REUTERS