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Malaysia's Industrial Production Growth Quickens to 8.2% in April

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Malaysia's Industrial Production Index (IPI) rose 8.2% year over year in April, according to data from the Department of Statistics Malaysia (DOSM) released on Friday.

The pace of growth accelerated from the 3.1% increase recorded in the previous month. It beat the consensus forecast of a 4.0% growth tracked by Investing.com.

The monthly performance was driven primarily by an 8.3% output growth in manufacturing, coupled with the turnaround to 6.8% in the mining sector from a decline of 6.5% seen in March.

However, on a month-on-month basis, the IPI contracted by 3.4% after registering a positive 9.3% growth in the previous month.

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