Malaysia’s industrial production surprises with 3.6% growth in February
Add BT as a preferred sourceTan Ai Leng
[KUALA LUMPUR] Malaysia’s industrial production index (IPI) rose 3.6 per cent year on year in February, after recording a modest growth of 1.8 per cent in January 2023, according to figures released by the Department of Statistics Malaysia (DOSM) on Tuesday (April 11).
The growth has exceeded the 2.7 per cent average expectation of 12 economists in a Reuters poll.
The expansion of factory output in February was led by the increment of 4.9 per cent in the manufacturing sector and 1.1 per cent in the electricity sector. The mining sector, however, dropped 0.5 per cent.
TRENDING NOW
Dim sum chain Tim Ho Wan to close first Singapore outlet as part of Plaza Singapura’s redevelopment
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Sunway MCL, CSC make bold bet on River Valley site with S$1,730 psf ppr bid at S$750.6 million
DBS sees 46% upside for Jardine Matheson; analysts expect it to surpass ‘conservative’ targets
