Malaysia Industry


Industrial output slows in September

In September, industrial production grew 2.5% over the same month last year, down from a revised 3.7% increase in August (previously reported: +3.0% year-on-year). The print came in slightly below market expectations, which had industrial production expanding 2.6%. The increase in September was underpinned by stronger growth in manufacturing (August: +5.9% yoy; September: +8.2% yoy) and electricity (August: +1.4% yoy; September: +6.4% yoy), which were partially offset by sharp losses in the mining sector (August: -1.4% yoy; September: -12.0% yoy). Owing to the moderation seen in September, annual average growth in industrial production slowed further from 1.8% in August to 1.6%.

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