Thailand
Malaysia: Slower industrial output in September as manufacturing drags
KUALA LUMPUR: Malaysia’s industrial output in September rose at a slower pace of 4.7% from a year ago, which was below a Bloomberg survey of 6.3%, due to slower manufacturing growth.
The Statistics Department said on Thursday that the manufacturing index expanded by 5.7%, mining 2.1% and electricity (2.2%).
“Year-on-year basis, manufacturing sector output rose 5.7% in September 2017 after registering a strong growth of 7.6% in August 2017,” it said.
The department said the major sub-sectors which recorded an expansion in September 2017 were petroleum, chemical, rubber and plastic products (4.9%); electrical and electronic products (6.6%) and food, beverages and tobacco products (8.0%).
As for the mining sector, output increased at a much slower pace of 2.1% in September 2017 compared with August’s expansion of 5.3%.
It pointed out to a 0.7% increase in the index for crude oil and 3.9% in the index for natural gas.
The department said electricity sector output expanded 2.2% in September 2017 on a yearly basis.
Source: http://www.thestar.com.my/business/business-news/2017/11/09/slower-industrial-output-in-september-as-manufacturing-drags/#i70FfLkS6hhpl624.99