empty
 
 

2018.03.1300:34:00UTC+00Malaysia's Industrial Production Expands Less Than Forecast

Malaysia's industrial production grew less than expected in January, data from the Department of Statistics showed Tuesday.

Industrial output grew 3 percent year-on-year in January, slightly faster than the 2.9 percent expansion seen a month ago. However, the pace of growth was much weaker than the expected 6.8 percent.

The 3 percent growth was largely driven by manufacturing and electricity. Manufacturing climbed 4.8 percent and electricity output advanced 4.3 percent. Mining output grew only 1.5 percent.

However, on a monthly basis, industrial production logged a decrease of 4.5 percent in January.

Another report from the statistical office showed that manufacturing sales logged a double-digit growth of 10.8 percent in January.

Total employees engaged in manufacturing rose 2.5 percent or 26,203 from previous year. At the same time, salaries and wages paid climbed 13.3 percent in January.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback