Malaysia: Industrial output bounces back in August
October 10, 2011
In August, industrial production rebounded 3.0% over the same month last year, after contracting 0.6% in July. The print came in well above market expectations, which had industrial output recovering a paltry 0.4%. The improvement in industrial production mainly reflected an acceleration in manufacturing (July: +1.7% year-on-year; August: +4.8% yoy). Meanwhile, the output of the mining sector contracted 1.4% year-on-year, whereas electricity production rose 1.4%. Despite the rebound seen in August, annual average growth in industrial production slowed further to 1.8% from 1.9% in July.