Malaysian industrial production likely slowed in February
Malaysia's Department of Statistics will release February industrial production data on 10 April.Malaysian industrial production growth is expected to have slowed to 4.2% y/y from 7.0% in January as production contracted…
Malaysia's Department of Statistics will release February industrial production data on 10 April.
Malaysian industrial production growth is expected to have slowed to 4.2% y/y from 7.0% in January as production contracted 0.8% on a m/m seasonally adjusted basis.
External demand remains lacklustre: exports contracted 0.6% y/y and export-oriented industries reported only 5.9% y/y growth in January. Domestic market-oriented industries performed better, reporting 8.1% y/y growth.
The mining sector was also likely affected by weak commodity prices.
"we expect manufacturing activity to have been supported mainly by domestic demand", says Standard Chartered
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