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Financial News: Malaysia Industrial Production Rises 4.8%

Malaysia Industrial Production Rises 4.8%

01/11/2023 - 04:23:00 (RTTNews)

(RTTNews) - Malaysia's industrial production increased at a faster pace in November, underpinned by mining and manufacturing, data from the Department of Statistics showed on Wednesday.

Industrial production grew 4.8 percent year-on-year in November, following a 4.6 percent rise in October.

Among the main sectors, manufacturing output rose 4.8 percent annually in October, following a 4.2 percent gain in the prior month.

Production in the mining sectors advanced by 6.1 percent and electricity climbed 1.2 percent in November.

On a monthly basis, industrial production increased 1.0 percent in November, reversing a 0.9 percent drop in the prior month.

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