KUALA LUMPUR, March 12 Moody’s Analytics expects Malaysia’s Industrial Production Index (IPI) to pick up in the coming months on the back of robust external demand for electronics as well as a rise in oil prices. The financial intelligence and analytical tools provider said.
Malaysia has benefited from the global shortage of semiconductors in the automobile sector, together with other manufacturing powerhouses in the region.
KUALA LUMPUR: Malaysia’s manufacturing sector expanded for the second month in a row in January 2021, despite the domestic movement control (MCO) and Moody’s Analytics expect it to pick up in coming months.
“We expect industrial production to pick up in the coming months from robust external demand for electronics, and from a rise in oil prices, ” its economist Denise Cheok said on Friday.
She said although restrictions were not as strict as the first round last March, strong export growth more than offset any decline in domestic demand.
Industrial Production Index in Palestine decreases during January by more than 2 percent english.wafa.ps - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from english.wafa.ps Daily Mail and Mail on Sunday newspapers.
Wednesday, 24 Feb 2021 12:28 PM MYT
Construction workers walk across a platform at a building site in Kuala Lumpur February 14, 2021. Picture by Shafwan Zaidon
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KUALA LUMPUR, Feb 24 A healthier economic outlook is anticipated in the coming months based on the latest Malaysia’s Leading Index (LI) performance and the implementation of the National Covid-19 Immunisation Programme.
The Department of Statistics Malaysia said in a statement today that the positive vibes were in line with the forecasts by local and international agencies that expected a better economic condition this year.
Healthier economic outlook now, with vaccines available | Daily Express Online dailyexpress.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexpress.com.my Daily Mail and Mail on Sunday newspapers.