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Financial News: Malaysia's Industrial Output Growth Remains Firm In August

Malaysia's Industrial Output Growth Remains Firm In August

10/11/2018 - 10:47:00 (RTTNews)

(RTTNews) - Malaysia's industrial production growth remained robust in August, the Department of Statistics reported on Thursday.

Industrial output grew 2.2 year-on-year in August, compared to forecasts for a 2.3 percent growth.

This follows a 2.6 percent gain in July.

The growth in August was driven by an increase of 4.3 percent in manufacturing and 4.0 percent in electricity. Meanwhile, mining output recorded a decline of 4.6 percent.

On a monthly basis, industrial production fell 0.4 percent, reversing a 2.6 percent rise in the previous month.

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