Malaysia: Industrial production eases in April
June 11, 2015
Industrial production increased 4.1% in April over the same month last year, which came in below the revised 7.2% increase tallied in March (previously reported: +6.9 year-on-year) and narrowly overshot the 4.0% increase markets had expected. The result was the lowest in nine months. April’s reading was the outcome of increases in all components of the index, the strongest being the manufacturing component.
On a monthly basis, industrial production fell a seasonally-adjusted 0.4% over the previous month, marking the lowest figure in three months. The reading contrasted March’s 0.6% increase. As a result of April’s contraction, annual average growth in industrial production inched down from 5.6% in March to 5.5% in April.
Author: Robert Hill, Economist