Malaysia: Growth in industrial production moderates in January
March 12, 2015
Industrial production increased 7.0% in January over the same month of last year, which marked the lowest reading in six months. The figure came in below the 7.4% increase tallied in December and was in line with market expectations. January’s increase was driven by improvements in the mining and electricity sectors. Conversely, growth in manufacturing production slowed compared to the previous month.
On a monthly basis, industrial production decreased a seasonally-adjusted 1.6% in January, which contrasted the 1.9% rise registered in the previous month. Despite January’s deterioration, annual average growth in industrial production edged up from 5.1% in December to 5.4% in January, which marked the highest reading since February 2011.
Author: Cecilia Simkievich, Economist