Malaysia’s industrial production index (IPI) surged 9.3% in March from a year ago, exceeding a Bloomberg survey of an 8.7%, as the growth was powered by the manufacturing and electricity segments.
March 2021 Headline Industrial Production Improves
The headlines say seasonally adjusted Industrial Production (IP) improved month-over-month - and now is in expansion year-over-year due to comparision to the pandemic lockdown period one year ago. Our analysis shows the three-month rolling average improved.
Analyst Opinion of Industrial Production
The best way to view this is the 3-month rolling averages which improved. Note that:
In March, total industrial production increased 1.4 percent. The gain in March followed a drop of 2.6 percent in February, which largely resulted from widespread outages related to severe winter weather in the south central region of the country. For the first quarter as a whole, total industrial production rose 2.5 percent at an annual rate. In March, manufacturing production and mining output increased 2.7 percent and 5.7 percent, respectively. The output of utilities dropped 11.4 percent, as the demand for heating fell because of a swing in temperatu
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Speaking with StarBiz, Alliance Bank chief economist Manokaran Mottain expected a 12% to 15% gross domestic product (GDP) expansion in the April to June 2021 period. “This would follow our projected economic contraction of 3% for the first quarter.
PETALING JAYA: The Malaysian economy is set to stage a double-digit growth in the second quarter (Q2) of 2021 as the country moves away from consecutive quarters of economic contractions.
The sharp rebound will be largely driven by the low-base effect, considering that the economy had suffered nationwide business shutdowns in the same quarter of last yeardue to Covid-19 containment measures.
With business activities allowed to resume, supported by a more positive exports demand, economists are projecting a broad-based recovery across key economic sectors in the second quarter.
URL copied Image Source : PTI
As per IIP data released, manufacturing sector output declined by 3.7 per cent in February 2021.
India s industrial production contracted by 3.6 per cent in February, official data showed on Monday. According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output declined by 3.7 per cent in February 2021.
Mining output slipped 5.5 per cent, while power generation grew by 0.1 per cent in February. The IIP had grown by 5.2 per cent in February 2020.
During April-February, IIP contracted by 11.3 per cent compared to one per cent growth in the corresponding period of 2019-20.Â