Friday, August 11, 2017

FW: RHB | Malaysia | Industrial Activities Remained Robust in 1H17



Economic Research

11 August 2017



Economic Update




Industrial Activities Remained Robust in 1H17


Industrial Production Index (IPI) slowed to 4% YoY in June, from +4.6% in May, on the back of a slowdown in manufacturing activities and electricity output. For 1H17, IPI growth averaged at 4.3% YoY, higher compared to 3.2% in the same period last year. Given the improvement in Malaysia’s growth prospects, we are lifting our real GDP forecast to 5.3% for 2017 and 5.4% for 2018, from 4.8% and 5% respectively. This is on the back of stronger projected growth in exports, after surging in the 1H, which could boost overall economic activity and a pick-up in domestic demand. This is as higher export growth would trickle down to an improvement in consumer spending and private investment, as well as a modest increase in public spending and investment.


Economist:  Vincent Loo Yeong Hong  | +603 9280 2172

Economist:  Aris Nazman Maslan  | +603 9280 2184




To access our recent reports please click on the links below:


08 Aug : Forex Reserves Near The USD100bn Level

07 Aug : Exports Growth Slower In June Due To Festivities

02 Aug : Business Confidence Picks Up To 4-Year High

01 Aug : M3 Slows, Whilst Loan Growth Picks Up in June

21 Jul:  More Moderate Growth And Inflation In 2H17


Economics Team





Peck Boon Soon

Chief ASEAN Economist

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam,

+603 9280 2172

Ng Kee Chou

Singapore, Thailand

+603 9280 2179

Rizki Fajar

Indonesia, Philippines

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

+603 9280 2184





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