Industrial production in Malaysia rose during the month of July, missing market expectations, helped by strength in the mining, manufacturing and electricity sectors.
Industrial production rose 4.1 percent year-over-year in July, slower than June's 5.3 percent climb. Economists had expected a 4.5 percent increase for the month, data released by Department of Statistics showed Friday.
Electricity production grew the most by 7.1 percent annually in July, followed by mining and quarrying output with 6.1 percent spike. Manufacturing output registered a gain of 3.3 percent, the data showed.
Another report from the statistical office showed that the manufacturing sales value dropped 3.4 percent in July from a year ago. Total employees in manufacturing rose 0.1 percent and salaries and wages grew by 6.5 percent.
Meanwhile, a private manufacturing purchasing managers’ index showed Malaysian factory activity in August contracted at a quicker rate than in July, following sharper declines in output, new orders and employment, Reuters reported.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
US Stock Futures Dip After Wall Street Rally
Wall Street Mixed as Treasury Yields Rise After Fed Hike
Bolivia Approves $1.9 Billion IMF Financing Deal
Iran Economic Crisis Forces Afghan Families to Return Home
East Germany Narrows Economic Gap With West but Wealth Divide Persists
South Korea Producer Prices Rise 0.2% in August
European Stocks Rally After Fed Hike, Iran Peace Hopes
Mexico Pushes for US Trade Deal Before Midterms 



