Malaysia: Growth in industrial output slows in November
Industrial production growth eased to 2.5% in November over the same month a year earlier from a revised 4.3% in October; November’s result was, however, above market expectations of a bigger moderation. Although production in the electricity picked up steam, the pace of growth in the headline reading was held back by a softer expansion in the manufacturing sector and a contraction in the mining sector, which came on the tails of a drop in natural gas output.
Industrial output expanded a meager 0.1% over the prior month in November, markedly down from the 1.7% expansion recorded in October. Annual average growth in industrial production inched down to 3.1% in November from 3.2% in November.