Malaysia: Industrial production growth slows in October
December 12, 2017
Industrial production expanded 3.4% year-on-year in October, moderating from September’s 4.7% growth and coming in below market expectations of a 3.8% increase. According to the Statistical Institute, the expansion was driven primarily by the electricity and manufacturing sectors, although the manufacturing sector grew at slower pace than in the previous month.
In month-on-month terms, industrial production contracted a seasonally-adjusted 0.8% in October (September: -1.0% month-on-month). Meanwhile, annual average growth in industrial production slipped from 4.9% in September to 4.8% in October.
Author: Jan Lammersen, Economist