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Malaysia Industrial production October 2021

Malaysia: Industrial output notches quickest growth since May in October

Industrial production rose 5.5% year-on-year in October (September: +2.5% yoy). The figure marked the best result since May. Looking at the details of the release, manufacturing production growth accelerated in October, while the decline in mining and quarrying output worsened.

On a monthly basis, industrial output increased 1.7% in seasonally-adjusted terms in October, which was notably below September’s 4.1% expansion. Meanwhile, annual average industrial production growth rose to 6.0% in October (September: +5.4%). This signals an improving trend in the industrial sector.

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