Malaysia: Industrial production falls short of expectations
August 7, 2013
In June, industrial production expanded 3.3% over the same month last year. The figure matched the increase observed in April but came short of market expectations of a 3.7% increase. June's increase mainly reflected growth in manufacturing and in electricity output.
On a monthly basis, industrial production rose a seasonally adjusted 0.1% in June, which contrasted the 0.3% fall observed in May.
Annual average growth in industrial production inched down from 3.1% in May to 3.0% in June, the lowest level since April 2012. FocusEconomics Consensus Forecast panellists project industrial production to grow 3.6% in 2013, which is down 0.3 percentage points from last month's projection. In 2014, the panel expects industrial output to expand 5.0%.