Malaysia: Growth in industrial production edges down in March
May 11, 2017
Industrial production grew 4.6% in March from the same month of the previous year. The figure came in slightly below February’s 4.7% increase and undershot market expectations of a 4.8% rise. According to the Department of Statistics Malaysia, March’s expansion mainly reflected increases in the manufacturing and mining sectors. Meanwhile, the electricity sector contracted in the surveyed month, marking the worst performance since July 2015.
On a monthly basis, industrial production swung from a seasonally-adjusted 2.1% expansion in February to a 0.7% drop in March. Meanwhile, annual average growth in industrial production rose from 4.0% in February to 4.2% in March.
Author: Luis Lopez Vivas, Economist