Malaysia Industrial Production Growth Slows As Expected

Malaysia's industrial production growth eased in May, in line with expectations, data from the Department of Statistics showed Thursday.

Industrial production advanced 3.0 percent year-over-year in May, slower than the 4.6 percent rise in April.

Among sectors, manufacturing output grew 4.1 percent annually in May and electricity production expanded by 2.6 percent. Meanwhile, mining output registered a decline of 0.5 percent.

On a monthly basis, industrial production edged up 0.2 percent from April, when it climbed by 1.5 percent.

Another report from the statistical office showed that manufacturing sales rose 5.5 percent yearly in May, following a 8.2 percent spike in the preceding month.

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