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Malaysia: Industrial output records slowest expansion since December 2023 in May
Latest reading: Industrial output grew 0.3% compared to the same month of the previous year in May, which was a deterioration from April’s 2.7% increase. The figure marked the worst reading since December 2023 and was driven by the softest growth in manufacturing production since March 2024. In addition, mining and quarrying production weakened.
On a seasonally adjusted monthly basis, factory output fell at a quicker rate of 1.3% in May (April: -0.2% mom s.a.), the worst result since September 2024. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 3.1% in May, down from April’s 3.3%.
