Industrial Production Slows in July, As Manufacturing Sales Signal Weak Demand

Economic Research	13 September 2016
Malaysia
Economic Highlights
Industrial Production Slows in July, As Manufacturing Sales Signal Weak Demand Industrial production slowed to a growth of 4.1% y-o-y in July, from +5.3% in June, and compared to +2.8% in May, on the back of a broad-based slowdown in activities. In tandem with the slowdown in manufacturing output, manufacturing sales slipped into a decline of 3.4% y-o-y during the month, after gaining +2.9% in June and compared to +2.0% in May, mainly attributed to a larger magnitude of decline in the sales of electrical & electronic products while sales of motor vehicles reversed into a decline. 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: 8 September : BNM Maintains OPR At 3.00% 7 September: Exports Reverse Into A Decline in July On Broad-Based Slowdown 7 September: Foreign Exchange Reserves Rose in August 1 September: Money Supply Gains Pace in July, While Loan Consolidation Continues 24 August : July Inflation Slowest In 16 Months