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Malaysia Industrial Production Growth Improves Unexpectedly

Malaysia's industrial production growth accelerated unexpectedly in April, data from the Department of Statistics revealed on Tuesday.

Industrial production rose 4.0 percent year-on-year in April, following a 3.1 percent increase in March. Economists had expected a growth of 2.5 percent.

Among sectors, manufacturing output surged 4.3 percent annually in April. Production in electricity and mining output rose by 5.8 percent and 2.3 percent, respectively.

On a monthly basis, industrial production grew 2.0 percent in April, following a 1.2 percent increase in the preceding month.

Another report from the statistical office showed that manufacturing sales advanced 6.8 percent from last year in April.

Employment in manufacturing increased 1.7 percent or 18,364 from a year ago. At the same time, salaries and wages rose 4.4 percent.

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