Highlight Malaysia's June factory output up 4.3 pct y/y, slightly below f'cast
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Highlight Malaysia's June factory output up 4.3 pct y/y, slightly below f'cast
Highlight
Malaysia's June factory output up 4.3 pct y/y, slightly below f'cast
KUALA LUMPUR (Aug 10): Malaysia's June industrial production rose 4.3 percent from a year earlier, slightly short of market predictions due to lower electricity demand, data from the Statistics Department showed on Monday.
A Reuters poll of economists had forecast annual factory output would expand 4.4 percent, compared with May's 4.5 percent which surpassed expectations.
Government data earlier indicated that June's exports unexpectedly grew 5.0 percent from a year earlier, a sharp rise from May's decline of 6.7 percent, as shipments to China surged to its highest level since January 2014.
Malaysia's manufacturing Purchasing Managers' Index for July, however, showed slowing growth momentum due to soft domestic demand, as it held below 50 for the fourth consecutive month.
Malaysia's June factory output up 4.3 pct y/y, slightly below f'cast
KUALA LUMPUR (Aug 10): Malaysia's June industrial production rose 4.3 percent from a year earlier, slightly short of market predictions due to lower electricity demand, data from the Statistics Department showed on Monday.
A Reuters poll of economists had forecast annual factory output would expand 4.4 percent, compared with May's 4.5 percent which surpassed expectations.
Government data earlier indicated that June's exports unexpectedly grew 5.0 percent from a year earlier, a sharp rise from May's decline of 6.7 percent, as shipments to China surged to its highest level since January 2014.
Malaysia's manufacturing Purchasing Managers' Index for July, however, showed slowing growth momentum due to soft domestic demand, as it held below 50 for the fourth consecutive month.
INDUSTRIAL PRODUCTION INDEX (base 2005) (in points; base year 2000=100) | ||
June | May | |
121.7 | 122.4 | |
Pct change yr/yr | 4.3 | 4.5 |
mth/mth | 0.1 | 1.5 |
SECTOR BREAKDOWN (in points, unless otherwise stated) | |||
June 2015 yr/yr (pct) | June 2015 mth/mth (pct) | May 2015 yr/yr (pct) | |
Manufacturing | 4.9 | 2.5 | 3.2 |
Electricity | -2.3 | -2.0 | 1.2 |
Mining | 4.0 | -3.7 | 9.0 |
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