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Malaysia’s August factory output rises 0.3% year-on-year, above forecast

The index measures factory output from the manufacturing, mining and electricity generation sectors.

Output in August was marginally higher than the 0.1% annual growth forecast by analysts surveyed by Reuters, but notably lower than the 1.2% rise in July.

August’s increase in the index was driven by growth in the manufacturing sector, which rose 2.4% year-on-year, the Statistics Department said in a statement.

Mining and electricity output were down 6.7% and 1.2%, respectively, data from the department showed.

Malaysia’s exports fell 2.9% in August, on weak demand for its manufacturing, agriculture and mining goods.

(Reporting by Joseph Sipalan; Editing by Himani Sarkar)

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