Malaysia: Industrial output bounces back in July
Industrial output expanded 0.7% compared to the same month of the previous year in July, which contrasted June’s 2.2% decrease. July’s notable turnaround came on the back of an improvement in manufacturing and mining and quarrying production.
On a monthly basis, industrial production rose 1.7% in seasonally adjusted terms in July, rebounding from June’s 1.7% fall.. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 3.6%, down from June’s 4.6%.