In June, industrial production grew 3.7% over the same month last year, which was more than half the 7.7% rise tallied in May (previously reported: +7.6% year-on-year) and undershot market expectations that had industrial production rising 4.8%. According to the statistical office, the deceleration seen in June was broad-based, and was driven in particular by a contraction in the mining sector. A month-on-month analysis corroborates the deterioration suggested by the annual figures, as industrial production dropped 1.9% in seasonally adjusted terms, which contrasted the 3.0% rise seen in May. Despite the slowdown, the trend pointed upwards, with annual average growth in industrial production stepping up from 2.9% in May to 3.2% in June.
Industrial production weakens in June
August 9, 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.