Malaysia: Industrial production inches up in May
July 10, 2015
Industrial production increased 4.5% in May over the same month last year, which came in above the 4.1% increase tallied in April and significantly overshot the 3.0% increase markets had expected. May’s reading was the outcome of increases in all components of the index, the strongest being the mining component.
On a monthly basis, industrial production rose a seasonally-adjusted 1.5% over the previous month, which marked the highest figure in five months. The reading contrasted April’s 0.4% decrease. Despite May’s expansion, annual average growth in industrial production inched down from 5.5% in April to 5.4% in May.
Author: Robert Hill, Economist