Malaysia: Industrial production accelerates in May
July 10, 2014
Industrial production expanded 6.0% in May over the same month last year. The figure was up from the 4.2% increase observed in April and beat market expectations of a 4.4% rise. May’s result was mainly driven by stronger growth in the manufacturing sector, which expanded at the fastest pace in three months.
On a monthly basis, industrial production increased a seasonally-adjusted 1.3% in May, which was down from the 3.6% expansion that was observed in April. Annual average growth in industrial production held steady at April’s 4.5% in May.
Author: Carl Kelly, Economist