Thailand
Malaysia: October industrial output up 4.2%, exceeds forecast
KUALA LUMPUR: Malaysia’s industrial output rose by a stronger-than-expected 4.2% in October, exceeding a Bloomberg survey of a 3%.
The Statistics Department said on Wednesday the industrial production index’s (IPI) increase by 4.2% from a year ago supported by the increase in all indices.
As for manufacturing, its output rose by 5.4%, electricity (2.1%) and and mining (1.4%).
“On a yearly basis, the manufacturing sector index increased by 5.4% in October 2018 after recording a growth of 4.8% in September 2018,” it said.
The department said the main sub-sectors which powered the growth in October were: transport equipment and other manufactured products (10.1%); electrical and electronic products (7.1%) and petroleum, chemical, rubber and plastic products (4.1%).
The mining sector index recorded an increase of 1.4% in October 2018 from a year ago.
The increase was contributed by the growth in natural gas index (2.3%) and crude oil index (0.4%).
The electricity sector index increased by 2.1% in October 2018 from a year ago.
Source: https://www.thestar.com.my/business/business-news/2018/12/12/october-industrial-output-up-4pt2pct-exceeds-forecast/#J6EZL4CI1xGzVCzp.99