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Malaysia’s Industrial Production To Grow 4.9 Pct In February

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KUALA LUMPUR – Malaysia’s industrial production is expected to grow stronger
in February 2017 to record 4.9 per cent growth year-on-year compared to
3.5 per cent 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.

“Malaysia observes the weeklong holiday so it is faced with temporary
suspensions of production and shipments,” it said in its weekly Asia-Pacific
Economic Preview report here today.

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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