Malaysia Aug industrial output rises 3%
[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.
Reuters
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons