Malaysia’s Might industrial output rises 26%, barely higher than forecast

HomeStock

Malaysia’s Might industrial output rises 26%, barely higher than forecast


reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=MYIPpercent3DECI ballot knowledge

KUALA LUMPUR, July 12 (Reuters)Malaysia’s industrial manufacturing rose 26% in Might from a 12 months earlier, above market predictions, although the tempo of development eased from a report excessive scaled within the prior month, authorities knowledge confirmed on Monday.

The manufacturing index measures manufacturing unit output in manufacturing, mining and electrical energy technology.

The enlargement in Might was sooner than the 24.6% annual development forecast by eight economists in a Reuters ballot.

In April, the output index had risen 50.1% on-year, the very best charge in additional than a decade.

(Reporting by Rozanna Latiff, Enhancing by Sherry Jacob-Phillips)

(([email protected]; +61 3 9492 9423 ; Reuters Messaging: @rozlatiff on Twitter))

The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.



www.nasdaq.com