Malaysia's industrial production growth eased at a slower-than-expected pace in February, figures from the Department of Statistics showed Friday.
Industrial production rose 5.2 percent year-over-year in February, much slower than January's 7.0 percent growth. Economists had forecast a 5.1 percent climb for the month.
Production in the manufacturing sector grew 4.0 percent in February from the previous year, following a 6.6 percent sharp rise in January. Output in the mining and electricity sector advanced 9.2 percent and 1.9 percent, respectively.
Month-on-month, industrial production dropped a seasonally adjusted 0.1 percent in February. Both manufacturing and mining sector registered an increase of 0.3 percent.
The statistical office also released the manufacturing sales value figures for the month of February.
The sales value of manufacturing sector fell 2.6 percent year-over-year to MYR 52.1 billion in February from MYR 53.5 billion in the corresponding month previous year.
On a monthly basis, the manufacturing sales value, declined notably by 9.0 percent in February and on a seasonally adjusted basis, the value dipped 2.8 percent.
The number of employees engaged in the manufacturing sector fell 0.4 percent from the prior month. The average wages and salaries paid per employee in February increased by 6.3 percent.
Productivity or average sales value per employee in February dropped 8.6 percent from the previous month. On an annual basis, productivity decreased by 3.5 percent.
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