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Malaysia Industrial Production Rises In March

Malaysia’s industrial production grew in March, data from the Bureau of Statistics showed on Thursday.

Industrial production grew by 9.3 percent year-on-year in March, following a 1.5 percent increase in February. Economists had expected a 7.8 percent rise.

The increase in production was mainly due to the increase in manufacturing and electricity production.

Manufacturing output grew by 12.7 percent year on year in March, after growing 4.5 percent in the previous month.

Among other sectors, mining and quarrying production decreased by 1.9 per cent and electricity production by 10.3 per cent.

On a monthly basis, industrial production grew by 7.4 percent in March.

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