Manufacturing segment's m-o-m growth was supported by a 20.2% growth in E&E, and a 14.5% rise in the petroleum, chemical, rubber and plastic products segment. For the first six months of 2021 (1H2021), Malaysia’s IPI expanded 12.4%, represented by growth in all three segments of manufacturing (15.7%), mining (4.5%) and electricity (4%). Meanwhile, MIDF Research in a note today kept its full-year IPI growth forecast at 9%, in anticipation of further reopenings in the later part of the year. The research house had in May revised downward the IPI growth from 12.8%, in light of the economic restrictions that were tightened since June. “For the first six months of this year, IPI growth has been averaging at +14.9% y-o-y.

Source: The Edge Markets August 09, 2021 04:29 UTC