Asian Economic News

Malaysia Industrial Output Falls More Than Expected

Industrial production in Malaysia decreased more than expected in February, the latest figures from the Department of Statistics showed Thursday.

Production fell 4.5 percent year-on-year in February, much steeper than the 2.5 percent decline expected by economists.

Manufacturing output fell 5.2 percent annually during the month and the mining output dropped 3 percent. Electricity output also declined 3 percent year-on-year, the statistical office said.

On a monthly basis, total industrial production slipped 1.2 percent in February. Manufacturing output fell 0.7 percent and mining declined 1.1 percent. Electricity production dipped 4.3 percent month-on-month.

by RTTNews Staff Writer

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