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Malaysian Industrial Output Growth Quickens In December

Malaysia's industrial production increased at a faster pace in December, data released by the Department of Statistics showed Thursday.

Industrial production increased 3 percent on an annual basis in December, faster than the revised 2.4 percent growth seen in November.

Manufacturing production grew 4.5 percent annually, while output of electricity rose 3.1 percent during the month. Meanwhile, production in the mining industry dropped 0.8 percent year-on-year.

Month-on-month, industrial output advanced 3.5 percent in December. In the whole of 2011, production increased 1.4 percent from the previous year.

Separately, the agency said Malaysia's manufacturing sales grew at a sharply slower rate of 1.1 percent year-on-year in December than the 6 percent growth recorded in November. Compared to November, factory sales advanced 3 percent during the month.

In the January-December period, manufacturing sales climbed 10 percent from the corresponding period a year earlier, data showed.

by RTTNews Staff Writer

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