Malaysia's Jan factory output up 3.2% y-o-y, above forecast
[KUALA LUMPUR] Malaysia's industrial production grew faster than expected in January, climbing 3.2 per cent from a year earlier, government data showed on Thursday.
Economists polled by Reuters had forecast January's annual output growth to come in at 2.4 per cent.
The pace was slightly slower than December's growth, which came in at 3.4 per cent annually.
The index measures factory output from the manufacturing, electricity generation and mining sectors.
Growth in January was supported by gains in the manufacturing and electricity sectors, data from the Statistics Department showed.
Manufacturing output rose 4.2 per cent year-on-year in January, while the electricity generation sectoral index grew 7.8 percent.
Mining output was down 0.9 per cent, the data showed.
Malaysia's exports grew 3.1 per cent year-on-year in January, better than expected but slower than December's 4.8 per cent expansion.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US mulls first green-bond sales to tap a US$2.6 trillion market
US factory activity shrinks with price gauge highest since 2022
Hong Kong faces uphill battle to lure back Chinese tourists
Weak yen boosts tourist wallets in Japan
Gas prices are putting Washington’s boldest climate policy at risk
India collects record 2.10 trillion rupees as goods and services tax in April