Asia

Economy

Staff Reporter

, Malaysia

Published:

11 years ago

Malaysia manufacturing grows 5.2%

It’s a rebound from the 1.1% yoy contraction in August.

OCBC Treasury Research noted:

No surprise from the BNM in holding its key OPR unchanged at 3.0% late on Thursday and the central bank reiterated its stance that the sustained expansion in the domestic activity has offset the weakness in external demand and this is likely to be the same background going into 2013.

Meanwhile, September IPI growth came in better than expected at 4.9% yoy, driven by a rebound in the manufacturing component, which posted a 5.2% yoy growth following the 1.1% yoy contraction in August.

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