Malaysian industrial production growth likely to have accelerated in February

Malaysian industrial output data for the month of February is set to be released this week. According to a DBS Bank, industrial output is expected to have grown 3.8 percent year-on-year, a rise from January’s 3 percent growth.

While the Lunar New Year season lull in China might be a risk to the headline figure, given that the Chinese manufacturers will typically shut down their production during their festive period, a low base in the same period and the rebounding global economic conditions would support the uptick in industrial production.

“The electronics cluster will be in the driving seat although the energy sector could provide an additional jab in the arm for overall production output”, added DBS Bank.

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