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Malaysia November factory output up 5% y-o-y, above forecast

KUALA LUMPUR: Malaysia’s industrial production rose 5% in November from a year earlier, boosted by gains in all three major sectors, government data showed on Thursday.

Factory output was just above the 4.7% annual rise forecast in a Reuters poll, and up from the 3.4% growth in October.

Manufacturing sector output expanded 6.7% from a year earlier in November, up from 4.2% in the previous month, according to data from the Statistics Department.

The electricity generation sector rose 3.9% year-on-year in November, while mining output grew marginally by 0.2%, the data showed.

Industrial output reached a two-and-a-half year-high of 6.8% in August.

On a monthly basis, factory output fell 1.4% from October.

Malaysia’s exports in November rose 14.4% from a year ago, slower than the previous month, on lower shipments of commodities.

Source: https://www.bangkokpost.com/business/world/1394014/malaysia-november-factory-output-up-5-y-o-y-above-forecast