In July, industrial production dropped 0.6% over the same month last year, after expanding 1.0% in June. The print came in well below market expectations, which had industrial output growing 2.9%. The decline in industrial production mainly reflected a slowdown in manufacturing (June: +4.5% year-on-year; July: +1.5% yoy), in particular a sharp drop in refined petroleum and chemical products. Meanwhile, the output of the mining sector contracted 7.5% year-on-year, whereas electricity production rose 4.6%. Owing to the deterioration seen in July, annual average growth in industrial production slowed further from 2.2% in June to 1.9%.
Industrial output declines in July
September 9, 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.