Malaysia’s Industrial Production To Grow 4.9% In February
KUALA LUMPUR, Apr 7 – Malaysia’s industrial production is expected to grow stronger in February 2017 to record 4.9% growth year-on-year compared to 3.5% in January. According to Moody’s Analytics, a division of Moody’s Corp engaged in economic research and analysis, Malaysia’s industrial production was likely to rebound in February after the Lunar New Year-induced slowdown in January.
It in its weekly Asia-Pacific Economic Preview report here today said Malaysia observes the weeklong holiday so it is faced with temporary suspensions of production and shipments. It said Malaysia’s electronics production was upbeat and leading the manufacturing gains, coinciding with a sustained uptick in the global technology cycle ahead of product launches later in the year and improved US demand. The report provides a summary of major economic data expected to be released next week in Asia-Pacific. — Bernama
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