KUALA LUMPUR- Malaysia’s industrial production index rebounded in December after two months of decline, rising 1.7 percent from a year earlier on higher manufacturing output, government data showed on Monday.
The index, which measures factory output from the manufacturing, mining and electricity generation sectors, had contracted 2.2 percent in November.
December’s expansion beat the 0.5 percent decline forecast by 11 economists in a Reuters poll.
Manufacturing output in December rose 4.1 percent from a year earlier, the Statistics Department said in a statement.
Mining and electricity output however were down 5.4 percent and 0.2 percent, respectively, the data showed.
Malaysia’s exports had risen for the fourth straight month in December, expanding 10.8 percent from a year earlier on higher shipments of manufactured goods and agricultural products.