January 11, 2017 / 4:01 AM / a year ago

Malaysia Nov factory output up 6.2 pct y/y, meets forecast

KUALA LUMPUR, Jan 11 (Reuters) - Malaysia's industrial
production in November rose 6.2 percent from a year
earlier, helped by strength in the manufacturing, electricity
and mining sectors, government data showed on Wednesday.
    The output gain was in line with the median forecast by
economists in a Reuters poll, and up from the 4.2 percent rise
in October. 
    Electricity output recorded the strongest growth among all
sectors at 9.7 percent year-on-year, data from the Statistics
Department showed.  
    The manufacturing sector also grew a robust 6.5 percent in
November, up from 4.2 percent the previous month.
    Malaysia's November exports had increased sharply by 7.8
percent from a year earlier, thanks to rising shipments of both
manufactured and agricultural goods. 
    However, a private manufacturing purchasing managers' index
showed Malaysian factory activity contracting again in December,
on lower production due to an unstable economy and declining new
work inflows. 
    (in points; base year 2000=100)          
                            Nov       Oct
                           128.4     132.2*
 Pct change yr/yr           6.2       4.2
 mth/mth                    -2.8      3.9*
    SECTOR BREAKDOWN (in pct, unless otherwise stated)          
                          Nov 2016  Oct 2016
                           yr/yr     yr/yr
                           (pct)     (pct) 
 Manufacturing              6.5       4.2
 Electricity                9.7       6.9
 Mining                     4.7       3.5
 *indicates revised figure

 (Reporting by Rozanna Latiff; Editing by Shri Navaratnam)

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