Malaysia: Industrial output rebounds in May
Industrial output increased 4.7% compared to the same month of the previous year in May, which contrasted April’s 3.3% decrease. The result marked the best reading since November 2022. The recovery was driven by rebounds in manufacturing and mining and quarrying output.
On a monthly basis, industrial production rose 7.4% in seasonally adjusted terms in May, contrasting April’s 5.6% fall and marking the best result since June 2020. Meanwhile, annual average growth of industrial production was unchanged coming in at April’s 5.7% in May.