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
Industrial production falls for first time in over a year
October 10, 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.