Malaysian industrial output rises

08 Jun, 2004

Malaysia's industrial output grew 14.0 percent in the year through April due to increased activity in the manufacturing, mining and electricity sectors, the Statistics Department said on Monday.
The figures beat the revised 13.7 percent rise in the year through March and matched the 14.0 percent median forecast for the year to April from a Reuters poll of economists.
The department said in a statement output rose 1.6 percent seasonally unadjusted versus March.
The industrial production index - which measures manufacturing, mining and electricity output - continued the double-digit expansion began last October.
April's expansion was mainly due to sustained growth in manufacturing output, which benefited from brisk global demand for electronics.
Malaysia's economy grew 7.6 percent in the year through the first quarter, putting it well on track for full-year growth officially forecast at 6.0-6.5 percent in 2004.
Malaysian exports jumped 23 percent in the year through April, continuing a rapidly accelerating trend. Electronic and electronics products account for half of Malaysia's exports.

Read Comments