Malaysian industrial output growth slowed to 2.4% in May due to a mining sector decline.

Malaysian industrial output growth slowed to 2.4% in May due to a mining sector decline, with the manufacturing and electricity sectors also experiencing slower growth. This marks the weakest growth since Dec 2021, a significant drop from the previous month's 6.1% surge. Monthly production rebounded by 3.5%, but the year-on-year slowdown raises concerns about potential underlying economic challenges.

July 12, 2024
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