Malaysia's industrial production index fell 4.9% from a year earlier in March, the sharpest decline in nearly a decade, government data showed on Tuesday, as curbs imposed to contain the coronavirus pandemic severely disrupted activity.
FILE PHOTO: Robots weld bodyshells of car are pictured on the assembly line in the Proton manufacturing plant in Tanjung Malim, Malaysia, December 16, 2019. REUTERS/Lim Huey Teng
KUALA LUMPUR - Malaysia’s industrial production index fell 4.9% from a year earlier in March, the sharpest decline in nearly a decade, government data showed on Tuesday, as curbs imposed to contain the coronavirus pandemic severely disrupted activity.The drop was just shy of the 5% fall forecast by analysts surveyed by Reuters and the steepest since May 2011, when it declined 5.2%. In February, the index had risen 5.8%, fastest in more than two years.
All three main sectors tracked by the index posted declines in March, with electricity output falling 7% from a year earlier, the Statistics Department said in a statement. Manufacturing output fell 4.2% on-year, while the mining sector index was down 6.5%, data from the department showed. Malaysia’s exports had fallen 4.7% from a year earlier in March amid a global slowdown due to the coronavirus pandemic, government data showed last week.
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