Malaysia's November factory output beats forecast
- 11 Jan 2019 at 11:31
- WRITER: REUTERS
A motorcyclist passes through a container yard at North Port in Port Klang outside Kuala Lumpur Jan 8, 2009. (Reuters file photo)
KUALA LUMPUR: Malaysia's industrial production index rose 2.5% in November from a year earlier, higher than forecast but slower than the previous month, government data showed on Friday.
A Reuters survey had forecast November's annual output growth to ease to 2.2%, down from a 4.2% rise in October.
The index measures factory output from the manufacturing, electricity generation and mining sectors.
Growth in November was supported by a 3.6% increase in the manufacturing index and 3.2% rise in the electricity index, data from the Statistics Department showed.
The mining index, however, dipped 0.7%, the data showed.
Malaysia's exports in November had grown marginally by 1.6% from a year earlier, on a sharp drop in demand from China and a contraction in exports to the US of manufactured goods.