Malaysia Industrial production October 2017

Malaysia Industrial production October 2017

December 14, 2017 0 By WFTV

Industrial production expanded 3.4% year-on-year in October, moderating from September’s 4.7% growth and coming in below market expectations of a 3.8% increase.

According to the Statistical Institute, the expansion was driven primarily by the electricity and manufacturing sectors, although the manufacturing sector grew at slower pace than in the previous month.

In month-on-month terms, industrial production contracted a seasonally-adjusted 0.8% in October (September: -1.0% month-on-month). Meanwhile, annual average growth in industrial production slipped from 4.9% in September to 4.8% in October.

FocusEconomics Consensus Forecast panelists are currently adjusting their forecasts, with a new Consensus Forecast report to be published on 15 December.

Read More: Focus Economics