Malaysia September factory output misses forecast

• Nov 09, 2017

KUALA LUMPUR: Malaysia’s industrial production in September expanded at a pace well below expectations, as growth slowed across all sectors.

Factory output grew 4.7% from a year earlier in September, below the 6.1% annual rise forecast in a Reuters poll. Industrial output was up 6.8% in August.

Manufacturing output grew by only 5.7% year on year in September, compared to a growth of 7.6% in August, according to data from the Statistics Department.

Growth slowed across all sub-sectors like petroleum, chemical, rubber and plastic products, electrical and electronic products and food, beverages and tobacco products.

 The electricity generation sector rose 2.2% year-on-year, while mining output grew 2.1%.

 Malaysia’s exports in September rose 14.8% from a year earlier, slowing in pace for the second month in a row, despite strong demand for manufactured goods in China and Europe.

Source: https://www.bangkokpost.com/business/world/1357436/malaysia-september-factory-output-misses-forecast