Malaysia’s industrial production rose at a softer rate in August, data from the Department of Statistics showed on Monday.
Industrial production rose 0.3 percent year-on-year in August, after a 1.2 percent increase in July. Economists had forecast a modest growth of 0.1 percent.
The growth in the production was mainly due to the rise in the manufacturing output.
Factory output rose 2.4 percent yearly in August, after a 2.9 percent increase in the previous month.
Among other sectors, the mining and quarrying output decreased 6.7 percent and electricity output fell 1.2 percent.
On a monthly basis, industrial production declined 1.2 percent in August.
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