Malaysia: Industrial production accelerates in July
September 10, 2015
Industrial production increased 6.1% in July over the same month last year, which came in well above the 4.4% increase tallied in June. July’s reading was driven by strong gains in the mining sector, while manufacturing observed a more modest expansion. On the other hand, the electricity sector contracted for the second month in a row, albeit at a more moderate pace than in June.
On a monthly basis, industrial production fell 0.1%, marking a deterioration from June’s flat reading. Despite July’s contraction, annual average growth in industrial production climbed from 5.2% in June to 5.6% in July, the highest figure since August 2006.
Author: Robert Hill, Economist