Malaysia: Industrial production hits four-month low in November
January 9, 2015
Industrial production increased 4.7% in November over the same month last year, which marked a four-month low. The figure was down from the 5.0% expansion observed in October and matched market expectations. The deceleration was driven by slower growth in both the mining and electricity sectors, while manufacturing accelerated compared to the previous month.
On a monthly basis, industrial production increased a seasonally-adjusted 1.5% in November, which was above the 0.6% rise that was observed in October. In addition, annual average growth in industrial production increased from 4.7% in October to 4.9% in November, which marked the highest result in over three years.