The FINANCIAL — Malaysia’s industrial production rose 6.9% in March from a year earlier, beating market expectations and led by strong gains in mining and manufacturing output, official data on May 11 showed, according to Nasdaq.
The median forecast of The Wall Street Journal’s poll of nine economists was for a 4.4% year-over-year increase. In February, the industrial production index–which measures output from mines, power plants and factories–rose 5.2% from a year earlier.
The index expanded 0.6% when compared with February on a seasonally adjusted basis, the Department of Statistics said.
Output from the key manufacturing sector expanded 6.3% from a year earlier, while mining activity surged 9.2% in March. The electricity index increased 3.8% year-over-year.
On a month-over-month seasonally adjusted basis, both the manufacturing and mining indexes gained 1.2%, while the electricity sector added 2.3%.