Transport engineering sector output rebounds in June

It recorded a 4.6% production growth.

The transport engineering sector gave a robust performance in the month of June, with output rebounding from the 12.8% decline to an expansion of 4.6%.

According to RHB, the improvement in the cluster is broad-based, with aerospace engineering sector output surging 24.9% from just 2.2% growth the month before.

"This was after reporting a higher level of repair and maintenance activities from commercial airlines," RHB said.

Meanwhile, the land transport segment continued its growth streak with 23.9% jump in outputs, on the back of increased motor vehicle parts production.

Out of the segments under the sector, the marine & offshore engineering segment contracted reported the only contraction albeit at a slower pace.