Malaysia: Growth in industrial output eases in January
March 14, 2019
Industrial production grew 3.2% year-on-year in January, which is slightly below December’s 3.4% result. The print reflected a contraction in mining output and softer growth in manufacturing production offsetting a marked increase in electricity generation. Mining output contraction on a drop in crude oil output, while manufacturing production was affected by significantly softer output in electrical and electronics products.
In month-on-month terms, industrial output rose 1.2% in January, up from December’s 0.2% increase. Annual average growth in industrial production edged down to 2.8% from 3.0% in December.
Author: Jan Lammersen, Economist