Industrial Production Slows, But Manufacturing Sales Recovers In September

Economic Research	14 November 2016
Malaysia
Economic Highlights
Industrial Production Slows, But Manufacturing Sales Recovers In September Industrial production eased in September, due to weaker growth in manufacturing and electricity output during the month. However, on a quarterly basis, IPI gained pace to a stronger growth in the 3Q. Further out, we envisage real GDP to sustain at a subdued pace of 4.0% in 2017 (+4.1% estimated for this year). In contrast with the slowdown in manufacturing output and exports, manufacturing sales bounced back into a growth of 1.1% y-o-y during the month from a decline of -0.6% in August and compared to -3.4% in July. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184
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