Malaysia: Industrial production records strongest expansion in a year and a half
February 10, 2015
Industrial production increased 7.4% in December over the same month of the previous year, which marked the strongest expansion since July 2013. The figure came in well above both the 4.8% increase tallied in November and the 4.1% that the markets had expected. December’s increase was driven by improvements in all of the sectors that comprise the index, with manufacturing output posting the largest expansion.
On a monthly basis, industrial production increased a seasonally-adjusted 1.9% in December, which was above the 1.6% rise observed in the previous month. As a result of the improvement in December, annual average growth in industrial production ticked up from 4.9% in November to 5.1% in December, which marked the highest reading since March 2011.
Author: Cecilia Simkievich, Economist