Growth is driven by strong expansion in manufacturing sectorPETALING JAYA: Industrial output accelerated in February, driven by strong expansion in the manufacturing sector as exports recover. MIDF Research said this encouraging trend of industrial production index (IPI) growth is expected to continue in the upcoming months. Improving external trade may also push for higher industrial production. “We estimate export-oriented production will drive 2017 industrial production, given the global economic environment is on upward trend,” said MIDF Research. “However, on a seasonally adjusted month-on-month basis, industrial production expanded 2%, which was the highest since October 2016.

Source: The Star April 11, 2017 23:26 UTC