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Malaysia Industry May 2020

Malaysia: Industrial output improves in May

Industrial production fell 22.1% year-on-year in May (April: -32.0% yoy). May’s smaller drop came on the back of more moderate falls in manufacturing, and electricity and gas generation output.

On a monthly basis, industrial output grew 14.6% in seasonally-adjusted terms in May, rebounding from April’s 27.5% fall. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 3.4%, down from April’s minus 1.2% reading.

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