FOREX TradingCharts.com

Financial News: Malaysia Industrial Production Growth Moderates In January

Malaysia Industrial Production Growth Moderates In January

03/13/2023 - 06:02:00 (RTTNews)

(RTTNews) - Malaysia's industrial production grew at the slowest pace in 17 months in January on weak manufacturing and electricity output, data from the Department of Statistics showed Monday.

Industrial production expanded only 1.8 percent on a yearly basis in January, following a 2.8 percent rise in the preceding month. This was the weakest growth since August 2021.

Within three main sectors, manufacturing gained 1.3 percent, slower than the 3.0 percent increase in December.

The growth in manufacturing was weighed down by the export-oriented industries which rose at a slower pace of 0.6 percent. The production of domestic-oriented industries that contributed to one-third of the overall manufacturing output grew 2.7 percent. At the same time, electricity output shrank 4.3 percent, bigger than December's 2.2 percent drop. This was the second consecutive decline.

By contrast, mining output grew at a faster pace of 5.9 percent, underpinned by crude oil and natural gas output.

On a monthly basis, industrial production declined 2.3 percent after a moderate 0.6 percent decrease in the previous month, data showed.

In a separate communiqué, the statistical office said the sales value of manufacturing expanded at a pace of 6.5 percent after rising 8.8 percent in December. Nonetheless, the continuous positive momentum in sales value was fortified by the double-digit growth in transport equipment & other manufactures and Petroleum, chemical, rubber & plastic products sub-sectors.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Denmark Economic Sentiment Rises Further (15 min(s), 35 sec(s) ago)
(RTTNews) - Denmark's economic sentiment rose for a third month in a row in March, figures fro ...Full Story»

U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive (47 min(s), 35 sec(s) ago)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story»

Spain Q4 GDP Growth Unrevised At 0.2% (42 min(s), 35 sec(s) ago)
(RTTNews) - Spain's economy expanded at a stable pace as initially estimated in the final quar ...Full Story»

Czech Economic Sentiment Rises To 93.9, Highest In 7 Months (33 min(s), 35 sec(s) ago)
(RTTNews) - The Czech economic confidence index improved to its highest level in seven months, whi ...Full Story»

UK Private Sector Logs Strong Growth In March (15 min(s), 35 sec(s) ago)
(RTTNews) - The UK private sector registered another increase in activity in March, reflecting rob ...Full Story»

U.S. Durable Goods Orders Unexpectedly Slump 1.0% In February (14 min(s), 35 sec(s) ago)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story»

Eurozone Services Activity Lifts Private Sector Growth To 10-Month High (20 min(s), 35 sec(s) ago)
(RTTNews) - Eurozone private sector logged the strongest growth in ten months in March underpinned ...Full Story»

Sweden Producer Price Inflation Eases On Lower Energy Costs (18 min(s), 35 sec(s) ago)
(RTTNews) - Sweden's producer price inflation eased for the third straight month in February t ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Denmark Economic Sentiment Rises Further

03/24/2023 - 12:38 PM (RTTNews)
(RTTNews) - Denmark's economic sentiment rose for a third month in a row in March, figures fro ...Full Story>>

U.S. Durable Goods Orders Unexpectedly Slump As Aircraft Demand Extends Nosedive

03/24/2023 - 10:10 AM (RTTNews)
(RTTNews) - Reflecting a continued slump in orders for transportation equipment, the Commerce Depa ...Full Story>>

Spain Q4 GDP Growth Unrevised At 0.2%

03/24/2023 - 10:05 AM (RTTNews)
(RTTNews) - Spain's economy expanded at a stable pace as initially estimated in the final quar ...Full Story>>

Czech Economic Sentiment Rises To 93.9, Highest In 7 Months

03/24/2023 - 08:56 AM (RTTNews)
(RTTNews) - The Czech economic confidence index improved to its highest level in seven months, whi ...Full Story>>

UK Private Sector Logs Strong Growth In March

03/24/2023 - 08:38 AM (RTTNews)
(RTTNews) - The UK private sector registered another increase in activity in March, reflecting rob ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.