The FINANCIAL — Malaysia’s industrial production expanded 4.0% in April from a year earlier mainly driven by the manufacturing sector, official data released on June 11 show, according to Nasdaq.
The median forecast of The Wall Street Journal’s poll of nine economists was for a 4.8% year-over-year increase. In March, the industrial production index–which measures output from mines, power plants and factories–rose 6.9% from a year earlier.
The index fell 0.4% from March on a seasonally adjusted basis, the Department of Statistics said.
Output from the key manufacturing sector increased 4.1% from a year earlier, while mining activity rose 3.9% in March. The electricity index climbed 3.0% year-over-year.
On a month-over-month seasonally adjusted basis, both the manufacturing and electricity indexes declined 1.0% in April while mining activity contracted 1.9% from March.