Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MYR
The ringgit has ignored local economic data, despite a miss in February industrial output. Spot USD/MYR last trades at MYR4.1355, 10 pips shy of neutral levels.
- Malaysia's industrial output rose 1.5% Y/Y, building on January's 1.2% increase, although analysts expected it to expand by 1.8%. On a monthly basis, industrial production shrank 6.4%. Headline figure was supported by a healthy m'fing sub-index (+4.5% Y/Y), which offset softer mining (-6.0% Y/Y) & electricity (-5.8% Y/Y) components.
- M'fing sales grew 6.4% Y/Y after rising 4.1% the prior month. The number of employees in the sector fell 2.2% Y/Y, while salaries & wages shrank 1.2% Y/Y.
- The value of wholesale & retail sales fell 0.9% Y/Y, as retail trade registered a 2.1% decline.
Fig. 1: Malaysia Industrial Output Y/Y (%)
Source: MNI - Market News/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok