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Malaysia industrial production growth moderates in September

Staff Writer |
Industrial production grew 4.7% year-on-year in September, moderating from August’s robust 6.8% expansion and below market expectations of a 6.2% increase.

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According to the Statistical Institute, the milder expansion was driven primarily by the manufacturing sector. The electricity and mining sectors grew at more meager rates in the month.

In monthly terms, industrial production contracted a seasonally-adjusted 1.0% in September (August: -0.1% month-on-month).

Meanwhile, annual average growth in industrial production climbed to 4.9% from 4.7% in August.

FocusEconomics Consensus Forecast panelists project that industrial production will grow 4.2% in 2018, which is up 0.2 percentage points from last month’s projection.

In 2019, the panel also expects industrial output to expand 4.2%.

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