In May, industrial production contracted 5.1% over the same month last year, which represented the second consecutive decline and the sharpest drop since October 2009. The reading was below the revised 1.7% decrease recorded in April (previously reported: -2.2% year-on-year) and was even worse than expectations that had seen industrial output retreating 2.7%. The decline in industrial output mainly reflected the partial shutdown of Petronas' gas and crude production facilities for maintenance services, as well as the impact of global supply chain disruptions in the wake of Japan's Tohoku earthquake. In May, the mining sector dropped 20.2%, while manufacturing, which accounts by nearly two thirds of total output, grew a sluggish 0.6%. Owing to the sharp decline, the annual average growth in industrial production slowed further from 4.4% in April to 3.0% in May, the lowest level in the last year.
Industrial output contracts amid lower crude and natural gas production
July 11, 2011
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Malaysia Economic News
October 12, 2016
Industrial production increased 4.9% in August from the same month last year.
October 7, 2016
Exports in USD terms rose 3.3% annually in August, which was a sharp improvement over July’s 8.9% contraction (previously reported: -8.7% year-on-year).
September 23, 2016
In August, consumer prices rose 0.43% over the previous month, which was slightly up from the 0.26% increase registered in July, according to the Department of Statistics Malaysia.
September 16, 2016
The ringgit has had a tumultuous week as a combination of factors, both domestic and external, have impacted the currency.
September 10, 2016
Industrial production increased 4.1% in July over the same month last year.