Malaysia's April factory output rises 4.0% y-o-y, beats forecast
[KUALA LUMPUR] Malaysia's industrial production index rose 4.0 per cent in April from a year earlier, faster than the previous month, government data showed on Tuesday.
April's annual output growth was higher than the 2.7 per cent median estimate by nine economists surveyed by Reuters. The pace was faster than March's growth of 3.1 per cent.
The index measures factory output from the manufacturing, electricity generation and mining sectors.
April's output growth was boosted by gains in the electricity, manufacturing and mining sectors, data from the Statistics Department showed.
Electricity output rose 5.8 per cent year-on-year, while the manufacturing sector index was up 4.3 per cent.
Mining output expanded 2.3 per cent on year, the data showed.
Malaysia's exports rose unexpectedly in April after two consecutive months of declines, helped by higher shipments of manufactured goods.
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