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Financial News: Malaysia Industrial Production Growth Improves In March

Malaysia Industrial Production Growth Improves In March

05/10/2019 - 04:14:00 (RTTNews)

(RTTNews) - Malaysia's industrial production grew at a faster-than-expected rate in March, data from the Department of Statistics showed on Friday.

Industrial production rose 3.1 percent year-on-year in March, following a 1.7 percent increase in February. Economists had expected a growth of 2.1 percent.

Among sectors, manufacturing output grew 4.1 percent annually in March, and production in electricity rose 4.8 percent. Meanwhile, mining output declined by 0.2 percent.

On a monthly basis, industrial production climbed 1.2 percent in March, after a 2.0 percent decline in the previous month.

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