Malaysia's chemical, rubber and plastics output falls 2.5% in Feb

11 April 2013 08:27  [Source: ICIS news]

SINGAPORE (ICIS)--Malaysia’s production of chemical, rubber and plastic products fell by 2.5% year on year in February, tracking the overall decline in the manufacturing sector, official data showed on Thursday.

On a year-on-year basis, the country’s overall industrial production in February fell by 4.5%, weighed down by the 5.2% dip in output from the manufacturing sector, the Department of Statistics said in its monthly report.

Output from the mining and electricity sectors both fell by 3.0% year on year in February, it said.

On a month-on-month basis, the country’s overall industrial production declined by 1.2% in February, with manufacturing output down by 0.7%.

The country’s total exports fell by 7.7% year on year to Malaysian ringgit (M$) 52.5bn in February, the Department of Statistics said in an earlier report.

The contraction in exports was attributed to the decrease in shipments to China, Australia, Japan, the EU and the US, it added.


By: Nurluqman Suratman



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