Financial Wire

Malaysian Industrial Production Mixed in March

Malaysian industrial production in February rose on year, but declined from January, the latter decline due to easing exports.Malaysia's industrial production index rose 3.1% on year in February, but tumbled 9.2% from January, reported Malaysia's Department of Statistics (DOS).The nation's manufacturing output rose 4.2% on year in February, while electricity production rose by 4.6% on year, and that of mining production fell by 2%, according to the DOS.But output manufactured goods intended for export slid in February, from January."On a month-on-month basis, output of export-oriented industries in February decreased by 8.1%" from January, explained the DOS.On year in February, Malaysian output of apparel fell 1.8% on year, while that of petroleum and related products fell 2.1% and that of transportation products declined 3.5%, reported DOS.In contrast, output of electronic goods rose 12.9% on year in February, driven in part of production of semiconductors and other tech gadgets.The official Malaysia February industrial production report was roughly in with recent manufacturing-sector purchasing manager index (PMI) reports from S&P Global.Malaysia's manufacturing PMI for March rose to a seasonally adjusted 50.7, up from 49.3 in February, and striking above the 50-mark that separates growth from contraction, reported S&P Global.

-- Malaysian industrial production in February rose on year, but declined from January, the latter decline due to easing exports.

Malaysia's industrial production index rose 3.1% on year in February, but tumbled 9.2% from January, reported Malaysia's Department of Statistics (DOS).

The nation's manufacturing output rose 4.2% on year in February, while electricity production rose by 4.6% on year, and that of mining production fell by 2%, according to the DOS.

But output manufactured goods intended for export slid in February, from January.

"On a month-on-month basis, output of export-oriented industries in February decreased by 8.1%" from January, explained the DOS.

On year in February, Malaysian output of apparel fell 1.8% on year, while that of petroleum and related products fell 2.1% and that of transportation products declined 3.5%, reported DOS.

In contrast, output of electronic goods rose 12.9% on year in February, driven in part of production of semiconductors and other tech gadgets.

The official Malaysia February industrial production report was roughly in with recent manufacturing-sector purchasing manager index (PMI) reports from S&P Global.

Malaysia's manufacturing PMI for March rose to a seasonally adjusted 50.7, up from 49.3 in February, and striking above the 50-mark that separates growth from contraction, reported S&P Global.