Malaysia: Industrial output growth moderates in May
Industrial output grew 4.1% in year-on-year terms in May, which followed April’s 4.6% increase. The reading came amid a sharp deterioration in mining and quarrying output.
On a monthly basis, industrial production fell 2.9% in May after flatlining in seasonally-adjusted terms in April. Meanwhile, annual average industrial production growth fell to 3.3% in May (April: +4.8%), which marked an over one-year low.