Supply Chain Council of European Union | Scceu.org
Operations

Malaysia’s Nov factory output surprisingly falls, down 2.2% y/y

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=MYIP%3DECI poll data

KUALA LUMPUR, Jan 11 (Reuters) – Malaysia’s industrial production in November fell for the second consecutive month, declining 2.2% from a year earlier, dragged down by lacklustre mining and electricity output, government data showed on Monday.

The output index, which measures factory output from the manufacturing, mining and electricity generation sectors, had contracted 0.5% in October.

November’s decline in the index was below the 0.2% rise forecast by 11 economists in a Reuters poll.

The mining sector index slumped 15.4% on-year while electricity output fell 2.5%, the Statistics Department said in a statement.

Manufacturing output, however, advanced 2% in November.

Malaysia’s exports in November had risen 4.3% on-year on higher shipments of manufactured goods and palm oil products. (Reporting by Rozanna Latiff, Editing by Sherry Jacob-Phillips)

Related posts

Workers for Frozen Food Giant Amy’s Kitchen Allege Unsafe Conditions at Bay Area Factory

scceu

Meet some Creative Vision Factory artists

scceu

New Campaign Urges UK Government to Ban Factory Farming to Prevent the Next Pandemic

scceu