Malaysia’s industrial production showed a modest uptick in July 2024, according to the latest data released on September 10, 2024. The industrial production index rose to 5.3%, a slight increase from June’s 5.0%.This year-over-year comparison indicates a steady improvement in Malaysia’s manufacturing and production sectors. The previous month’s data, which was also compared on a year-over-year basis, set the stage for this progress, marking a positive trend in the country’s industrial output.The continuous growth in industrial production suggests that Malaysia’s economy is on a path of gradual recovery and expansion, providing a hopeful outlook for investors and stakeholders in the region. As the nation navigates through the post-pandemic economic landscape, these incremental rises in production are essential indicators of resilience and future potential.The material has been provided by InstaForex Company – www.instaforex.com
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