Malaysia’s Feb factory output up 5.8% y-o-y as electricity, mining and manufacturing rise
13 Apr 2020
Malaysia’s industrial production index grew 5.8% year-on-year (y-o-y) in February 2020, driven by the increase in the electricity, mining and manufacturing indices.
In a statement today, the Statistics Department Malaysia said the manufacturing sector output rose by 5.6% in February 2020, after recording a growth of 2.2% in January 2020.
“The major sub-sectors contributing to the increase in February 2020 were petroleum, chemical, rubber and plastic products (6.3%), non-metallic mineral products, basic metal and fabricated metal products (6.2%) and electrical and electronics products (5.1%),” it said.
The mining sector output rose 6.1% y-o-y in February 2020 due to an increase in the natural gas index (12%).
Meanwhile, the crude oil and condensate index decreased by 0.5%.
The electricity sector output rose 6.8% y-o-y in February 2020.
Source: The Edge Markets
Posted on : 13 April 2020