RTTNews - Malaysia's industrial output dropped 11.4% year-on-year in April, after a revised 12.7% decline in March, the Department of Statistics said Wednesday. Economists expected a fall of 14%.
Annually, manufacturing output contracted 15.7% in April compared to a revised 17.1% drop in March. At the same time, mining and electricity production declined 2.9% each in April.
Month-on-month, industrial output slipped 0.3% in April, mainly due to a 5.8% drop in mining output. However, manufacturing and electricity production rose 1.5% and 8.8% respectively in April.
In the January to April period, industrial output declined 13.7% compared with the corresponding period in the previous year.
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