Monday, July 11, 2016

Malaysia's May factory output grows 2.7 pct on year, above forecast

KUALA LUMPUR, July 12 (Reuters) - Malaysia's May industrial

production grew by a better-than-expected 2.7 percent

from a year earlier, due to strength in the manufacturing and

electricity sectors, government data showed on Tuesday.

Factory output growth was slightly slower than the previous

month's pace of 3.0 percent, but above the 2.0 percent rise

forecast by economists.

Electricity output grew 9.6 percent on-year, picking up

slightly from the previous month's 9.4 percent, data from t

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