Malaysia: Industrial output quickens in December
February 9, 2012
In December, industrial production grew 3.0% over the same month the year before, up from a 2.4% increase in November (previously reported: +1.8% year-on-year). Moreover, the print overshot market expectations that had industrial production moderating to 1.7%. According to the statistical office, the acceleration seen in December was mainly due to faster growth in manufacturing, as supply chain disruptions stemming from the floods in Thailand are starting to fade away. In the full year 2011, industrial production rose 1.4% from the previous year, which represented a sharp moderation in comparison with the 7.2% expansion seen in 2010.