Malaysia: Industrial production rebounds strongly in September
November 8, 2012
In September, industrial production expanded 4.9% over the same month last year. The print contrasted the 0.7% drop tallied in August and marked, in fact, the largest increase in four months. In addition, the reading overshot market expectations, which had industrial output rising 0.5%. The improvement seen in September was broad-based, as all main sub-categories gained ground over the previous month. In particular, manufacturing rebounded strongly and electricity production rose the most in September. A month-on-month analysis corroborates the improvement suggested by the annual figures, as industrial production expanded 5.8% in seasonally adjusted terms, contrasting the 0.1% decline seen in August. Owing to the monthly increase, the trend now points upwards, with annual average growth in industrial production rising from 3.1% in August to 3.3% in September.