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Malaysia Industrial production November 2022

Malaysia: Industrial output growth speeds up in November

Industrial output rose 4.8% in year-on-year terms in November, which followed October’s 4.6% increase. Looking at the details of the release, manufacturing production rose at a quicker pace in November—boosted chiefly by the electrical and electronics products subsector—while mining and quarrying output growth slowed. In addition, output in export-oriented sectors ticked up to 5.1% (October: 5.0%), with the manufacture of computers, electronics and optical products providing the main impetus to growth. Additionally, the domestic-oriented sectors nearly doubled to 4.3% (October: 2.5%).

On a monthly basis, industrial production rose 2.7% in seasonally adjusted terms in November, rebounding notably from Octobers 3.7% fall and marking the best result since June. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 7.1%, down from October’s 7.5% reading.

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