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Monday, May 11, 2009

Malaysian industrial output sinks 14.4% on-year in March (ext: Channelnewsasia)

Malaysian industrial output plunged 14.4 per cent year-on-year in March as the manufacturing, mining and electricity sectors suffered a fall due to weak exports.

However, the industrial production index rose 6.2 per cent compared with the previous month, the government's statistics department said in a statement.

The fall was also slower than the 15 per cent fall expected by 13 economists polled by Dow Jones Newswires.

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