Breaking News, World News and Taiwan News.

Malaysia's April industrial output drops 11.4 percent

KUALA LUMPUR -- Malaysian industrial output slid 11.4 percent year on year in April as weak exports caused a drop in the manufacturing, mining and electricity sectors, official data showed Wednesday.

The industrial production index fell 0.3 percent compared to the previous month, the government's statistics department said in a statement.

Manufacturing tumbled 15.7 percent in April compared to a year ago, largely due to a sharp fall in demand for electrical and electronics products amid the economic downturn.

Mining and electricity both fell 2.9 percent from a year earlier due to lower prices of crude oil.

Revised figures showed industrial output sank 12.7 percent in March, as poor global economic conditions hit Malaysia's key exports and industrial production, in turn squeezing the labor market and private sector activity.

Malaysia has said its economy is likely to contract by 4.0-5.0 percent this year, despite a massive US$16.2 billion stimulus package unveiled in March, after the economy shrank 6.2 percent in the first quarter.

Subscribe to The China Post and save 25%. Click here
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Sponsors
Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.
Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search