Malaysias industrial output in May exceeds forecast

first_img Tags / Keywords: Related News KUALA LUMPUR: Malaysia’s industrial production index in May rose 4% on-yearwhich was above the Bloomberg survey of 3.5%, underpinned by electricity, manufacturing and mining.The Statistics Department said on Friday the growth was driven by the increase in all indices: electricity (5.7%), manufacturing (4.2%) and Mining (3.0%).“The manufacturing sector output rose by 4.2% in May 2019 as compared to May 2018 after recording a growth of 4.3% in April 2019,” it said. The department said major sub-sectors contributing to the increase in May 2019 were transport equipment and other manufactures products (6.9%), electrical and electronics products (3.7%) and petroleum, chemical, rubber and plastic products (3.2%).It said the output of mining sector increased by 3% from a year ago, which is the highest growth since September 2017. It pointed out the growth was contributed by the natural gas index expanded by 7.6% while the crude oil index fell by 2%.As for the electricity sector, its output increased by 5.7% in May 2019 from a year ago. Economy 10 May 2019 March industrial production index exceeds forecast {{category}} {{time}} {{title}} Business News 11 Jun 2019 April industrial output exceeds forecast Economy Economy 12 Jun 2019 April industrial output expands at faster pace Related Newslast_img