M’sia factory output to remain robust

The worst is over for the sector as the glove makers are poised to record sequentially stronger earnings.

PETALING JAYA: Malaysia’s factory output, as measured by the industrial production index (IPI), is expected to remain robust in June, although growth will likely be at a slower pace than the preceding month due to the softer pace of exports growth.

According to the median forecast in a Bloomberg survey of 19 economists, the June IPI growth will be at 3% year-on-year (y-o-y), compared with the 4.6% y-o-y growth in May.