Malaysia's April industrial production up 2.7% y/y, below forecast

[KUALA LUMPUR] Malaysia’s industrial production rose 2.7 per cent in April from a year earlier, below expectations, government data showed on Wednesday (Jun 11).

April’s factory output had been forecast to expand 3.9 per cent, according to a Reuters poll of economists.

Approved investments in Malaysia rose by 3.7 per cent in the first quarter from a year earlier to RM89.8 billion(S$27.2 billion), the Malaysian Investment Development Authority said on Wednesday.

Foreign investments were RM60.4 billion, or two-thirds of the total, and domestic investments accounted for RM29.4 billion, the authority said in a statement.  REUTERS