Malaysia’s industrial production index down 0.7% in August

11 October 2012 11:27  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s industrial production index slipped by 0.7% year on year in August this year as manufacturing fell amid weakening overseas demand, official data showed on Thursday.

The country’s manufacturing output fell by 1.8% year on year in August, weighed partly by the 1% drop in output from the petroleum, chemical, rubber and plastic products sub-sector, the Department of Statistics said.

The drop in factory output in August was in line with the 4.5% year-on-year drop in overall exports to Malaysian ringgits (M$) 56bn ($18.2bn), according to earlier data by the department.

Overseas shipments of palm oil and palm oil-based products fell by 25.3% year on year to M$5.7bn, while exports of crude petroleum slumped by 30% to M$2bn, it said.

($1 = M$3.07)

By: Nurluqman Suratman

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