Malaysia Feb factory output down 4.5 pct y/y, lowest since May 2011

KUALA LUMPUR, Apr 11: Malaysia’s industrial production in February fell 4.5 percent from a year earlier, suffering its steepest fall since May 2011 and coming in below expectations, official data showed on Thursday.

A Reuters poll of 17 economists had forecast factory output to have slipped 2.5 percent after five months of expansion as export-focused firms cut back production because of the Lunar New Year holidays in the region.

January’s factory output was revised upwards to 5.2 percent year-on-year from 4.6 percent previously.(agencies)