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Highlight Malaysia's May industrial output growth beats forecast
by Cals Sat 11 Jul 2015, 19:52
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Malaysia's May industrial output growth beats forecast
KUALA LUMPUR (July 10): Malaysia’s May industrial production index (IPI) saw a 4.5% year-on-year (y-o-y) increase, supported by growth in all three components of the output gauge.
Figures released by the Statistics Department today showed mining and manufacturing production grew 9% and 3.2% respectively. Electricity output rose 1.2%.
"The mining sector output recorded a strong growth of 9% in May 2015 compared to the same month in 2014. This expansion was mainly driven by the increase of crude oil index at 18.8%.
"The natural gas index, however, declined by 1.9%," the department said.
From January to May, the IPI grew 5.6% from a year earlier as all three sectors of the index rose.
Mining output grew 8.1% while manufacturing production expanded 4.8%. Electricity output rose 3.2%.
The May IPI's 4.5% y-o-y increase compared to the 4% growth in April, according to the department.
The May industrial output growth had beaten market forecast of a 3% rise, based on a Reuters survey.
Yesterday, Reuters reported that Malaysia's industrial production in May likely grew at a slower pace than the previous month due to sluggish external demand and weaker domestic consumption.
Malaysia's May industrial output growth beats forecast
KUALA LUMPUR (July 10): Malaysia’s May industrial production index (IPI) saw a 4.5% year-on-year (y-o-y) increase, supported by growth in all three components of the output gauge.
Figures released by the Statistics Department today showed mining and manufacturing production grew 9% and 3.2% respectively. Electricity output rose 1.2%.
"The mining sector output recorded a strong growth of 9% in May 2015 compared to the same month in 2014. This expansion was mainly driven by the increase of crude oil index at 18.8%.
"The natural gas index, however, declined by 1.9%," the department said.
From January to May, the IPI grew 5.6% from a year earlier as all three sectors of the index rose.
Mining output grew 8.1% while manufacturing production expanded 4.8%. Electricity output rose 3.2%.
The May IPI's 4.5% y-o-y increase compared to the 4% growth in April, according to the department.
The May industrial output growth had beaten market forecast of a 3% rise, based on a Reuters survey.
Yesterday, Reuters reported that Malaysia's industrial production in May likely grew at a slower pace than the previous month due to sluggish external demand and weaker domestic consumption.
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