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BNM: Malaysia: Industrial Production Continues to Expand.

BNM
  • Industrial Production rose at 5.3% for July, up from 5% in June.
  • Today’s data release is the seventh straight month of expansion for Malaysia.
  • Manufacturing sales were higher by 9.1% yoy from 5.9% for June.
  • The Malaysian economy’s growth rate for 2024 has the potential to exceed China at a time when Malaysia’s inflation is moderating too.
  • According to the Deputy Governor in an interview yesterday on Bloomberg TV, the economy is likely to achieve full year outcomes consistent with their forecasts.

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