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Malaysia Industrial production August 2019

Malaysia: Industrial output growth picks up in August

Industrial output increased 1.9% year-on-year in August, up slightly from July’s five-year low of 1.2% growth, but just shy of market expectations of a 2.0% expansion. Meanwhile, annual average growth in industrial output was stable at 2.9%.

Stronger factory output in August was driven by a solid rebound in manufacturing production, while electricity and gas generation also recovered in the month. Conversely, mining output contracted again.

On a month-on-month basis, industrial production dipped 0.9% in August, following the 0.4% decline registered in July.

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