77818
Malaysia Factory Output Slows
Malaysia Factory Output Slows

Malaysia Factory Output Slows

Malaysia Factory Output Slows

Malaysia’s industrial production growth rate decelerated in October, slowing for the second month in a row as mining output and factory activities eased, while electricity generation rose, official data released Tuesday show, Nikkei reported. The industrial production index—a measure of output from mines, power plants and factories—rose 3.4% in October from a year earlier, the Department of Statistics said. In September, the index had risen 4.7% year-on-year after expanding 6.8% in August. Economists said the latest data suggest that growth the third-largest Southeast Asian economy will likely moderate in the fourth quarter but still remain robust thanks to resilient domestic demand and shipments of manufactured goods. “Growth momentum from the third quarter will likely continue into the fourth quarter,” said Affin Investment Bank’s Economist Alan Tan. “The electronics sector continues to hold up and we’re seeing output from domestic-oriented industry continuing to strengthen.” Tan estimates the economy to grow 5.5% from a year earlier in the fourth quarter, while full-year growth will likely come in at the upper-end of official forecast of 5.2% - 5.7%.

 

Short URL : https://goo.gl/pFVBqh
  1. https://goo.gl/bnQbUP
  • https://goo.gl/4G7Zdb
  • https://goo.gl/56EHuf
  • https://goo.gl/N9fPFL
  • https://goo.gl/yvFzmg

You can also read ...

The treasury department in Washington
Foreign governments pulled back their purchases of longer-term...
Brazil, India Corporate Debt at Risk of Default
A 200 basis-point increase in interest rates could spark a...
Shares of petrochemical companies in Asia slumped on Tuesday, tracking the global equity downturn overnight.
The trade dispute between the world’s two largest economies...
China Accuses Trump of Blackmail, Vows Strong Retaliation
China vowed to retaliate after President Donald Trump...
Six people including two former HBOS bankers were jailed last year.
An internal Lloyds Banking Group report written by a former...
Mario Draghi
Mario Draghi promised that the European Central Bank will take...
Italy on Debt Reduction Path
Italy will try to reduce debt to preserve investors’...
London Metals Cut Losses
London metals edged higher and Shanghai contracts cut early...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus