Download Malaysia`s industrial output expands in August, but misses

Malaysia’s industrial output expands
in August, but misses expectations
Wednesday, October 12, 2016 6:24 AM UTC
Malaysia’s industrial output expanded in August from a year earlier. According to
Malaysia’s Department of Statistics, the nation’s industrial production grew 4.9 percent
year-on-year, driven by positive expansion in the sectors of mining, electricity and
manufacturing. However, the industrial production print came in below the consensus
expectation of 5.4 percent. It the output grew rapidly than July’s growth of 4.1 percent.
The manufacturing sector output grew further by 4.6 percent in the month following a
rise of 3.3 percent seen in July 2016. Major sub-sectors that witnessed growth in August
included electrical and electronics products, which rose 7.9 percent; petroleum,
chemical, plastic and rubber products, which grew 4.5 percent; and non-metallic mineral
products, fabricated metal products and basic metal that rose 4.6 percent.
Meanwhile, the mining sector saw a growth of 4.3 percent in August, decelerating from
6.1 percent growth seen in July 2016. The rise in crude oil index of 6.5 percent and in
natural gas index of 1.5 percent underpinned the expansion in mining sector output. The
statistics department also showed that the electricity sector output grew considerably by
11.4 percent in August, accelerating from the 7.1 percent growth seen in July 2016.
Exports of Malaysia in August had increased surprisingly, stimulated by increased
shipments of manufactured goods and increasing palm oil prices.
Find more : http://www.econotimes.com/Malaysias-industrial-output-expands-in-August-butmisses-expectations-344067