English
Malaysia’s industrial output in May exceeds forecast
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.
Source: https://www.thestar.com.my/business/business-news/2019/07/12/malaysias-industrial-output-in-may-exceeds-forecast/#Bmlwz4bDxfV3Pk1Z.99