10 October 2013 08:12 [Source: ICIS news]
SINGAPORE (ICIS)--Malaysia's production of petroleum, chemicals, rubber and plastic products rose by 6.2% year on year in August, tracking the growth in the country’s manufacturing sector, official data showed on Thursday.
On a year-on-year basis, the country’s overall industrial production rose by 2.3% in August, boosted by the 4.6% growth in output in the manufacturing sector, its Department of Statistics said.
Output from the mining sector fell by 4.6% year on year in August, while output in the electricity sector was up by 5.1%, the government agency said.
The country’s overall exports grew by 12.4% year on year to ringgit (M$) 62.9bn ($17bn) in August this year, while imports were up by 14.1% at M$55.8bn, the Department of Statistics said in an earlier report.
The growth in exports was due to a rise in shipments to Indonesia, China, Singapore and the US, it added.
($1 = M$3.20)
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