Rebound likely in August, say experts

Chief statistician Datuk Seri Mohd Uzir Mahidin (pic) said the IPI decline in July was due to the decrease in the manufacturing index (-6.5%) and electricity index (-6.6%). The mining index, on the other hand, recorded an increase of 0.6%

PETALING JAYA: The latest industrial production index (IPI) reading suggests that Malaysia’s economy is likely to have bottomed out in July.

Given the gradual relaxation of the lockdown measures, the IPI will likely show a rebound in August, indicating that the country’s economic recovery has started since last month.