Malaysia’s industrial production growth eased at a faster-than-expected pace in October, data from the Department of Statistics showed Tuesday.
Industrial production climbed 3.4 percent year-over-year in October, slower than the 4.7 percent rise in September. Economists had expected the growth to moderate to 4.0 percent.
Among sectors, manufacturing production advanced 4.2 percent annually in October and mining sector output increased by 0.8 percent.
Another report from the statistical office showed that manufacturing sales logged an annual growth of 11.0 percent in October after a 10.6 percent spike in September.
Total employees engaged in the manufacturing sector rose 2.4 percent and salaries and wages grew by 9.6 percent.
The material has been provided by InstaForex Company – www.instaforex.com
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