Malaysia's industrial production slows down in October

According to data from Malaysia Statistics Department, Malaysia’s industrial production slowed down for the second month in a row in October.

Accordingly, the country’s industrial output increased by 3.4% in October on a yearly basis, following an increase of 4.7% recorded in the previous month. This fell short of the analysts’ expectations of an increase of around 4%.

Manufacturing production rose 4.2% year-on-year while mining activity increased 0.8% in October. The electricity index also increased by 4.6% from a year earlier.

However, the manufacturing index declined 1.1% in October on a monthly basis while the electricity index climbed 2.1%. Mining output also rose slightly by 0.4%.

Meanwhile, the country’s exports surged 18.9% in October amid firmer demand from China.