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Oil report

Malaysia's July factory output rises 1.2% y/y, beats forecast

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=MYIP%3DECI poll data

KUALA LUMPUR, Sept 11 (Reuters) - Malaysia’s industrial production index in July rose 1.2% from a year earlier, recovering after four straight months of declines amid the coronavirus crisis, government data showed on Friday.

The index measures factory output from the manufacturing, mining and electricity generation sectors.

Output in July beat the 0.9% annual growth forecast by analysts surveyed by Reuters, and was up from the 0.4% drop in June.

July’s increase in the index was driven by growth in the manufacturing sector, which rose 2.9% year-on-year, the Statistics Department said in a statement.

However, mining and electricity output were down 3% and 5.1%, respectively, data from the department showed.

Malaysia’s exports rose unexpectedly in July, growing 3.1% from a year earlier on higher shipments of manufactured goods and agricultural commodities. (Reporting by Rozanna Latiff; Editing by Christian Schmollinger)

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