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Malaysia July factory output up 6.1 pct y/y, above forecast
September 11, 2017 / 4:04 AM / 15 days ago

Malaysia July factory output up 6.1 pct y/y, above forecast

    KUALA LUMPUR, Sept 11 (Reuters) - Malaysia's industrial
production in July expanded at its fastest pace in
eight months, government data showed on Monday, boosted by gains
in all three major sectors. 
    Factory output grew 6.1 percent from a year earlier in July,
the fastest since November 2016 and beating the 5.3 percent
annual rise forecast in a Reuters poll.
    Industrial output was up 4 percent in June. 
    July's factory output was due to strength in the
manufacturing, electricity and mining sectors, according to data
from the Statistics Department.
    Manufacturing output grew 8 percent from a year earlier in
July, boosted by growth in the food, tobacco, and electrical and
electronic products subsectors, the data showed.
    The electricity generation sector rose 7.9 percent
year-on-year, while mining output grew 0.2 percent. 
    Malaysia's exports in July beat economists' estimates,
rising 30.9 percent from a year earlier, on higher shipments of
manufactured products and mining goods.
    
    INDUSTRIAL PRODUCTION INDEX (base 2005)  
       (in points; base year 2000=100)    
                         July 2017   June 2017
                           133.5       133.9
 Pct change yr/yr           6.1         4.0
                                     
 mth/mth                    -0.3        1.8
                                     
 
SECTOR BREAKDOWN (in pct, unless otherwise stated)              
   
                         July 2017   June 2017
                           yr/yr       yr/yr
                           (pct)      (pct) 
 Manufacturing              8.0         4.7
 Electricity                7.9         2.1
 Mining                     0.2         2.4
 *indicates revised figure                      
                                                             

 (Reporting by Rozanna Latiff; Editing by Sunil Nair)
  

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