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Malaysian industrial output plunged 20.2 percent year-on-year in January as manufacturing, mining and electricity sectors suffered a decline, according to official data released Thursday.
The industrial production index also slipped 4.5 percent, the national statistics department said in a statement.
Manufacturing tumbled 26.7 percent in January compared to a year ago, mining fell 6.1 percent as the prices of crude oil and gas declined, and electricity generation lost 12.4 percent.
Industrial output sank 15.6 percent in December 2008, as the global recession began to bite, suppressing demand for exports of manufactured goods.
Malaysia on Tuesday unveiled a stimulus package worth 16.2 billion dollars but warned the export-driven economy could still shrink by 1.0 percent this year despite the massive spending. |
