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Malaysia IPI Growth to Go Slow

Malaysia IPI Growth to Go SlowMalaysia IPI Growth to Go Slow

Malaysia’s factory output, as measured by the Industrial Production Index, is expected to remain robust in June, although growth will likely be slower than the preceding month due to the softer pace of exports growth, The Star online reported. According to the median forecast in a Bloomberg survey of 19 economists, the June IPI growth will be at 3% year-on-year compared with the 4.6% y-o-y growth in May. In general, economists expect expansion in the country’s June IPI—a gauge of output changes in manufacturing, mining and electricity—to be supported by exports growth, specifically the overseas demand for electronics products. The Statistics Department will be releasing the June IPI data on Thursday. According to Moody’s Analytics, electronics production will continue to drive Malaysia’s June factory output, which it expects to remain robust with a growth of 4.4% y-o-y—higher than the median forecast.

 

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