Malaysia’s industrial output grows 3.9 percent in February; misses estimates

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Nathan Andrada – Fourth Estate Contributor

Kuala Lumpur, Malaysia (4E) – Industrial output in Malaysia climbed by a lower-than-expected 3.9 percent in February from a year ago, according to official data released Monday.

The increase in February was helped by positive growth in all indices that include manufacturing, mining and electricity, the Statistics Department said.

The growth rate compared with the average forecast of seven economists surveyed by The Wall Street Journal for a 4.1 percent expansion.

Manufacturing output expanded 0.2 percent in February on a seasonally adjusted month-on-month basis.

Mining sector output rose a seasonally adjusted 0.4 percent in February from the previous month. Meanwhile, electricity sector output climbed 10.5 percent year on year in February .

Malaysia, which is Southeast Asia’s third-biggest economy, has been struggling due to a weaker ringgit , low prices for its oil exports and an economic slowdown in China, its biggest trading partner.