In September, industrial production expanded 4.9% over the same month last year. The print contrasted the 0.7% drop tallied in August and marked, in fact, the largest increase in four months. In addition, the reading overshot market expectations, which had industrial output rising 0.5%. The improvement seen in September was broad-based, as all main sub-categories gained ground over the previous month. In particular, manufacturing rebounded strongly and electricity production rose the most in September. A month-on-month analysis corroborates the improvement suggested by the annual figures, as industrial production expanded 5.8% in seasonally adjusted terms, contrasting the 0.1% decline seen in August. Owing to the monthly increase, the trend now points upwards, with annual average growth in industrial production rising from 3.1% in August to 3.3% in September.
Industrial production rebounds strongly in September
November 8, 2012
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Malaysia Industry Chart
Note: Annual variation of industrial production in %.
Source: Department of Statistics Malaysia and FocusEconomics calculations.
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.