Malaysia's industrial output grows faster than forecast

Malaysia's industrial output grows faster than forecast
Peugeot 207 sedan being assembled at the Naza Automotive Manufacturing plant in Gurun, Kedah, Malaysia.

KUALA LUMPUR - Malaysia's industrial production index (IPI) in April rose 4.2 per cent from a year, exceeding a forecast of 4.1 per cent, as the manufacturing sector expanded at a faster pace.

The Statistics Department said on Wednesday the manufacturing sector's output expanded by 4.0 per cent; mining up 4.7 per cent and electricity grew 3.9 per cent.

"Manufacturing output grew by 4.0 per cent in April 2014 following an increase of 6.4 per cent in March 2014," it said.

Driving the growth were the electrical and electronics products (14.2 per cent); food, beverages and tobacco products (11.0 per cent); and wood products, furniture, paper products, printing (12.2 per cent).

"On a seasonally adjusted month-on-month basis, manufacturing output increased by 4.1 per cent in April 2014," it said.

The department said the IPI in March 2014 remained unchanged at 4.3 per cent year-on-year.

"In seasonally adjusted terms, the IPI in April 2014 rose by 3.6 per cent month-on-month," it said, adding the manufacturing index rose 4.1 per cent and mining index 5.5 per cent. However, the electricity index fell marginally by 0.1 per cent.

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