Malaysia February industrial output seen rising 7.3% y/y

Malaysia February industrial output seen rising 7.3% y/y
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KUALA LUMPUR (April 10): Malaysia's industrial production in February likely expanded at the fastest pace in more than two years, a Reuters poll showed.

The median forecast from a survey of 12 economists was for factory output to surge 7.3% year-on-year, which would be fastest since December 2014. Individual estimates for the increases ranged between 4.3% and 11.0%.

Factory output in January rose 3.5% from a year earlier, supported by strength in the mining, manufacturing and electricity sectors.

Malaysia's export growth was at a near seven-year high in February, 26.5% above a year earlier. This was due to a jump in shipments of manufactured goods and commodities and a low base for comparison, thanks to the timing of the Lunar New Year holiday.