Malaysia Industry


Industrial production falls for first time in over a year

In August, industrial production fell 0.7% over the same month last year, which contrasted the 1.4% rise tallied in July and marked, in fact, the first monthly drop since May 2011. In addition, the print exceeded market expectations, which had industrial output falling 0.2%. According to the statistical office, the deterioration seen in August was mainly due to a sharp drop in manufacturing output. Meanwhile, electricity production decelerated slightly, while mining sector rebounded in August. A month-on-month analysis does not fully corroborate the deterioration suggested by the annual figures, as industrial production only fell 0.1% in seasonally adjusted terms, a fraction of the 3.3% drop seen in July. Owing to the monthly drop, the trend now points downwards, with annual average growth in industrial production falling from 3.5% in July to 3.1% in August

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Malaysia Industry Chart

Malaysia Industry August 2012

Note: Annual variation of industrial production in %.
Source: Department of Statistics Malaysia and FocusEconomics calculations.

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