By Gaurav Raghuvanshi
Malaysia's industrial output grew 3.2% in September from a year earlier, slightly below expectations as the mining sector weakened marginally and electricity output rose at a slower pace, the country's statistics department said Friday.
A poll of eight economists by The Wall Street Journal had a median forecast for 3.3% growth.
In August, the industrial-production index, which measures output from mines, factories and power plants, climbed 4.9% from a year ago, according to the statistics department.
Compared with the month before, the industrial-production index in September declined 0.1%.
The weaker-than-expected performance comes as Malaysia, Southeast Asia's third-largest economy, continues to face headwinds from weakness in oil and gas export prices. Still, the country's latest gross domestic product figures point to resilience in the economy. GDP growth picked up speed to 4.3% in the third quarter from a year earlier, breaking a streak of slowing growth, official data showed Friday.
Output from the manufacturing sector grew 4.0% in September from a year earlier, slower than the 4.6% growth recorded in August, according to the department of statistics.
The electricity sector's output rose 7.1% in September after increasing 11.4% in August. Mining-sector production fell 0.1% in September after expanding 4.3% in August.
Write to Gaurav Raghuvanshi at firstname.lastname@example.org
(END) Dow Jones Newswires
November 10, 2016 23:18 ET (04:18 GMT)
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