Highlights

Affin Hwang Capital Research Highlights

Author: kltrader   |   Latest post: Wed, 29 Jul 2020, 10:01 AM

 

Economic Update – IPI Growth Rises to 4.0% yoy in April

Author:   |    Publish date:


Growth in IPI Supported by Recovery in Output of the Mining Sector

The growth in Malaysia’s industrial production index (IPI) rose from 3.1% yoy in March to 4.0% in April, significantly higher than market expectation of 2.5%. Growth in IPI was supported by recovery in production of the mining sector, which rebounded to 2.3% yoy in April, after falling for three consecutive months. Apart from that, growth in electricity output also improved by 5.8% yoy in April, following a 4.8% increase in March. Growth in manufacturing output remained steady in April and expanded by 4.3% yoy (from 4.1% in March).

The strong turnaround in growth of the mining sector was due to higher output of natural gas, which rose by 6.1% yoy in April (1.4% in March), which helped offset the lower output of crude petroleum in the same month (-1.9% yoy in April vs. a contraction of 2.0% in March).

Better Performance in Output of Export-oriented Industries

As for manufacturing production, the steady growth was supported by healthy performance of the export-oriented industries. Almost all sub-components recorded improvements in April, with higher growth as compared to March except for output of petroleum, chemical, rubber and plastic products, which posted a slightly lower growth of 3.6% yoy (3.7% in March), see Fig 2. Higher output was reflected in production of electrical and electronics (E&E) products, which expanded by 4.1% yoy in April from 2.7% in March, supported by components, such as computer, electronics and optical, electrical equipment and machinery and equipment. Besides that, output of textiles, wearing apparel, leather products and footwear improved to 5.7% yoy in April, following a 4.9% expansion in March. Production of wood products, furniture, paper products and printing also increased to 5.2% yoy in April from 5.0% in March.

However, for the domestic-oriented industries, output of food, beverages and tobacco slowed to 4.2% yoy in April after rising by 6.8% in March. The slower pace of growth was reflected in food products, which slowed to 4.1% yoy in April from 7.0% in March. Meanwhile, output of non-metallic mineral products and basic metal & fabricated metal products rose by 4.0% yoy in April following a 3.5% rise in March.

Source: Affin Hwang Research - 12 Jun 2019

Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program
 
 

542  474  482  465 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 MTOUCHE 0.11+0.035 
 AT 0.105+0.005 
 XDL 0.065+0.005 
 KGROUP 0.120.00 
 NEXGRAM 0.065+0.005 
 XOX 0.245-0.02 
 MQTECH 0.24+0.02 
 K1 0.60+0.005 
 IRIS 0.37+0.04 
 MTOUCHE-WC 0.03+0.025 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers