Malaysia Industrial production July 2016


Industrial production slows down in July

Industrial production increased 4.1% in July over the same month last year. The figure came in below the 5.2% increase registered in June and beat market expectations of a 4.5% rise. According to the Department of Statistics Malaysia, the subdued reading was mainly driven by a slowdown in the manufacturing and electronics sectors, while the mining and electricity sectors continued to grow at a relatively robust pace. Moreover, the Islamic festival of Eid al-Fitr and five weekends in the same month resulted in fewer working days in July, which could have negatively affected the figure.

On a monthly basis, industrial production decreased 0.6% in July in seasonally-adjusted terms, which contrasts June’s 2.8% increase. Annual average growth in industrial production inched down to 3.4% in July from June’s 3.6%.

FocusEconomics Consensus Forecast panelists project that industrial production will grow 2.9% in 2016, which is up 0.1 percentage points from last month’s projection. In 2017, the panel expects industrial output to expand 3.3%

Author:, Economist

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Malaysia Industrial production Chart

Malaysia Industry July 2016

Note: Annual changes of industrial production index and annual average growth rate in %.
Source: Department of Statistics Malaysia (DSM).

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