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Malaysia’s industrial production up 2.4% in May, below forecast

OCBC projects the country’s GDP to expand at 4.9% year on year in Q2

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Tan Ai Leng

Tan Ai Leng

Published Fri, Jul 12, 2024 · 05:44 PM
    • Industrial production growth in Malaysia for May was driven by higher manufacturing and electricity output, offsetting falling mining production.
    • Industrial production growth in Malaysia for May was driven by higher manufacturing and electricity output, offsetting falling mining production. PHOTO: TAN AI LENG, BT

    [KUALA LUMPUR] Malaysia’s industrial production index (IPI) rose 2.4 per cent in May from the year before, missing economists’ projections due to weaker mining production, a Department of Statistics Malaysia (DOSM) report indicated on Friday (Jul 12).

    The growth, slower than the 6.1 per cent observed in April, also fell short of the 4.2 per cent level forecast by 11 economists in a recent Reuters poll.

    The DOSM report showed that industrial production growth was driven by manufacturing and electricity output, offsetting falling mining production.

    MalaysiaAseanAsean Business

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