EWM - Softer Growth Of Malaysian Industrial Output Points To Slower GDP Expansion
Official data brought more news of a growth slowdown in the Malaysian economy, with signs that a combination of a weaker external environment and easing domestic demand is weighing on economic activity.
Industrial output growth eases sharply
According to official statistics, industrial production grew 1.7% compared to a year ago in February, down from 3.2% in January. The latest growth was among the weakest since 2015, but broadly in line with economists' expectations.
Factory output growth was largely supported by the manufacturing and electricity generation sectors, while mining production contracted by 5%, marking a second