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FX.co ★ Malaysia Industrial Production Accelerates In April

Malaysia Industrial Production Accelerates In April

Malaysia's industrial production accelerated in April, data from the Department of Statistics showed on Friday.

Industrial production rose 50.1 percent year-on-year in April, following a 9.3 percent increase in March. Economists had expected a 7.8 percent rise.

The growth in production was mainly driven by a rise in production of manufacturing industry, mining and quarrying, and electricity.

Manufacturing output surged 68.0 percent yearly in April, following a 12.7 percent increase in the previous month.

Among other sectors, the mining and quarrying output gained 14.3 percent and electricity output grew 22.9 percent.

On a monthly basis, industrial production fell 4.5 percent in April.

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