In March, industrial production added a soft 0.6% over the same month last year, which was well below the robust 8.2% rise tallied in February (previously reported: +7.5% year-on-year). Moreover, the print undershot market expectations that had industrial production rising 2.5%. According to the statistical office, the deceleration seen in March was broad-based, as all the main sub-categories deteriorated over the previous month, particularly in the mining and in the manufacturing sectors. A month-on-month analysis corroborates the strong deceleration suggested by the annual figures, as industrial production contracted 5.2% in seasonally adjusted terms (February: +9.1% month-on-month). Owing to the weak print, the trend deteriorated somewhat, with annual average growth in industrial production inching down from February's 1.6% to 1.5%. The Central Bank expects GDP to expand between 4.0% and 5.0% this year.
Industrial production moderates sharply in March
May 10, 2012
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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.