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Malaysia's industrial output dropped 8.4% year-on-year in July, slower than a 9.5% drop in the preceding month, mainly due to declines in manufacturing and mining output, the Department of Statistics said Thursday. Economists expected a 10.5% fall.
Industrial output has been falling continuously since September last year.
Manufacturing output dropped 12%, while mining output fell 1.9%. However, electricity production rose 3.1%.
Month-on-month, industrial output rose 7.1%, sharper than a 0.3% growth in the preceding month and represented the third consecutive month of increase. The growth was reflected by a 10% rise in mining output, a 6.2% growth in manufacturing and a 3.5% increase in production of electricity.
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