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Nikkei Markets

Malaysia July industrial production growth lags expectation

Contraction in mining output eroded gains from robust manufacturing, electricity

KUALA LUMPUR (Nikkei Markets) - Malaysia's industrial production grew at slower-than-expected pace in July as mining output fell sharply even as manufacturing activity and electricity generation picked up pace, official data Wednesday showed.

The industrial production index -- a measure of output from mines, power plants and factories -rose 1.2% in July from a year earlier, the Department of Statistics said in a statement. That compares with the median forecast for a 3.9% on-year increase in a Nikkei Markets' poll, a reading that matched June's growth rate.

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