Malaysia's April industrial production up 2.7% y/y, below forecast
[KUALA LUMPUR] Malaysia's industrial production rose 2.7 per cent in April from a year earlier, below expectations, government data showed on Wednesday.
April's factory output had been forecast to expand 3.9 per cent, according to a Reuters poll of economists.
Approved investments in Malaysia rose by 3.7 per cent in the first quarter from a year earlier to RM89.8 billion(S$27.2 billion), the Malaysian Investment Development Authority said on Wednesday.
Foreign investments were RM60.4 billion, or two-thirds of the total, and domestic investments accounted for RM29.4 billion, the authority said in a statement. REUTERS
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