Malaysia Industrial Production Growth Eases Unexpectedly

Malaysia’s industrial production growth eased unexpectedly in June, data from the Department of Statistics showed Friday.

Industrial production rose 1.1 percent year-over-year in June, slower than the 3.0 percent climb in April. Meanwhile, economists had expected the growth to improve to 3.4 percent.

Among sectors, manufacturing output grew 4.5 percent annually in June, while mining output plunged by 9.4 percent.

On a monthly basis, industrial production declined 1.0 percent from May, when it increased by 0.2 percent.

Another report from the statistical office showed that the unemployment rate edged up to 3.4 percent in June from 3.3 percent in May.

There were 515,800 unemployed people in June, up from 504,800 in the preceding month.

The material has been provided by InstaForex Company – www.instaforex.com

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