PETALING JAYA: Industrial production is anticipated to remain lacklustre in the fourth quarter this year due to the resurgence of Covid-19 that has forced the re-implementation of city lockdowns in most major economies, said AllianceDBS Research.
It projected that the Industrial Production Index (IPI) will decline 5.8% year-on-year (y-o-y) by end-2020 as compared to a 2.3% growth in 2019.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!