Malaysia: Industrial production gains steam in April
Latest reading: Industrial production rose 8.2% in annual terms in April, following a 3.1% increase in the prior month. April’s reading was the strongest since September 2022.
Relative to the prior month’s figures, readings in April improved for manufacturing (+8.3% in annual terms vs +5.5% in March), mining and quarrying (+6.8% vs -6.5% in March) and electricity and gas (+10.5% vs +4.8% in March).
In seasonally adjusted month-on-month terms, industrial production increased 5.5% in April, following a 1.1% rise in the previous month.