Malaysia's Industrial Output Drops 20.2%

March 12, 2009
Manufacturing tumbled 26.7% in January

As manufacturing, mining and electricity sectors suffered a decline, Malaysian industrial output plunged 20.2% year-on-year in January.

The industrial production index also slipped 4.5%, the national statistics department said.

Manufacturing tumbled 26.7% in January compared to a year ago, mining fell 6.1% as the prices of crude oil and gas declined, and electricity generation lost 12.4%.

Industrial output sank 15.6% in December 2008, as the global recession began to bite, suppressing demand for exports of manufactured goods.

Malaysia on March 10 unveiled a stimulus package worth $16.2 billion but warned the export-driven economy could still shrink by 1% this year despite the massive spending.

Copyright Agence France-Presse, 2009

Popular Sponsored Recommendations

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Navigating Traceability for Manufacturing Excellence

July 23, 2023
Add Value, Reduce Costs, and Eliminate Risk.

What Is Your Smart Factory IQ?

Sept. 24, 2023
It’s time to put Smart, data-driven manufacturing operations to the test. In this comprehensive whitepaper we show you how to determine the Artificial Intelligence Quotient (AIQ...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!