Malaysia: Industrial production remains strong despite deceleration in September
November 11, 2014
Industrial production increased a strong 5.4% in September over the same month last year. The figure was down from the 6.5% increase observed in August and slightly below market expectations of a 5.5% rise. The deceleration was driven by slower growth in both the manufacturing and electricity sectors.
On a monthly basis, industrial production decreased a seasonally-adjusted 0.2% in September, which contrasted the 3.5% increase that was observed in August. However, annual average growth in industrial production increased from 4.2% in August to 4.4% in September.
Author: Carl Kelly, Economist