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Malaysia Industrial production March 2024

Malaysia: Industrial output growth moderates in March

Industrial output expanded 2.4% year on year in March (February: +3.1% yoy). March’s downturn largely reflected a deceleration mining and quarrying and electricity and gas production. However, manufacturing production rose.

On a seasonally adjusted monthly basis, industrial production fell 0.2% in March (February: +1.3% mom). Meanwhile, annual average growth of industrial production was steady coming in at February’s 0.9% in March.

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