Malaysia’s industrial output growth accelerated notably in September, figures from the Department of Statistics showed Monday.
Industrial production expanded 5.1 percent year-over-year in September, faster than the 2.3 percent climb in the prior month, which was revised down from a 3.0 percent gain reported earlier.
Manufacturing production grew 5.6 percent annually in September and that for mining advanced by 4.4 percent. Similarly, Electricity output registered an increase of 2.6 percent.
On a monthly basis, industrial production rose a seasonally adjusted 2.4 percent in September.
In an another report, the statistical office announced that manufacturing sales value climbed 5.4 percent yearly to MYR 58.5 billion in September from MYR 55.5 billion in the corresponding month last year.
Month-on-month, manufacturing sales value rose 4.0 percent and on a seasonally adjusted basis, the value went up by 4.4 percent.
The average wages and salaries paid per employee in September grew by 4.2 percent annually and it increased by 1.3 percent from the preceding month.
Productivity or average sales value per employee in September rose by 5.8 percent compared with a year ago. Monthly, productivity gained 4.0 percent.
The material has been provided by InstaForex Company – www.instaforex.com