Malaysia: Industrial production inches down in June
August 10, 2015
Industrial production increased 4.4% in June over the same month last year, which came in just below the 4.5% increase tallied in May. June’s reading was the outcome of increases in the mining and manufacturing components, which more than offset a contraction in electricity production.
On a monthly basis, industrial production recorded flat growth in June over the previous month. The reading was below May’s 1.5% increase. As a result of June’s reading, annual average growth in industrial production inched down from 5.4% in May to 5.2% in June, the lowest reading in six months.
Author: Robert Hill, Economist