Malaysia: Industrial production accelerates to 11-month high in June
August 11, 2014
Industrial production expanded 6.9% in June over the same month last year. The figure was up from the 6.0% increase observed in May and beat market expectations of a 4.6% rise. June’s result, which marked the highest growth since July of last year, was driven by solid growth in the manufacturing and electricity sectors.
On a monthly basis, industrial production increased a seasonally-adjusted 0.5% in June, which was down from the 1.3% expansion that was observed in May. Annual average growth in industrial production increased from 4.5% in May to 4.8% in June, which represented the highest level since March 2011.
Author: Carl Kelly, Economist