Malaysia's industrial production up 3.3% in une
Check out which segment boosted this growth.
According to Bank of America Merrill Lynch, Malaysia's industrial production expanded +3.3% yoy in June, coming in below its expectations and the market's.
Here's more:
Growth was led by mining (+8.1%) and electricity (+6%) output. Increase in the mining sector output was driven by natural gas (+10%) and crude oil (+7.1%). Manufacturing expanded a slower +1.5% (vs. revised +2.9% in May).
On a mom sa basis, IP rose +0.1%. In 2Q 2013, IP growth averaged at +3.7% yoy, improving from a contraction of 0.1% in the first quarter.