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BNM: Industrial Production Unexpectedly Softer. 

BNM
GlobalEM BulletBulletAPACRegionEmerging Market News
  • Malaysia’s Industrial Production for September surprised to the downside.
  • Against an expectation of a rise of +3.5%, it only rose by +2.3%.
  • This came following the prior month result of +4.1%
  • The decline in manufacturing was the biggest drag down to +3.2% from +6.5%.
  • Earlier this week the BNM Governor gave an indication that they are comfortable with monetary policy and believe that the longer term outlook for the economy remains strong. 
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  • Malaysia’s Industrial Production for September surprised to the downside.
  • Against an expectation of a rise of +3.5%, it only rose by +2.3%.
  • This came following the prior month result of +4.1%
  • The decline in manufacturing was the biggest drag down to +3.2% from +6.5%.
  • Earlier this week the BNM Governor gave an indication that they are comfortable with monetary policy and believe that the longer term outlook for the economy remains strong.