Malaysia: Industrial output growth picks up pace in July
Latest reading: Industrial output expanded 4.2% compared to the same month of the previous year in July, which was above June’s 2.9% increase. July’s figure marked the best reading since December 2024. The improvement was largely driven by better readings for manufacturing and mining and quarrying output.
On a seasonally adjusted monthly basis, factory output rose at a quicker rate of 3.1% in July (June: +2.6% mom), the best result since May 2023. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.8%, down from June’s 2.9% reading.