IPI posts big rise in June

Sunway University economics professor Yeah Kim Leng told StarBiz that June’s IPI “has surprised on the upside and lifted the industrial output in the second quarter to a strong 6.9% y-o-y increase, up from 4.5% in the previous quarter.”

KUALA LUMPUR: Economists have cautioned that domestic and global economic headwinds could result in Malaysia’s industrial output growth slowing down in the second half of 2022.

This is despite the country’s industrial production index (IPI) recording year-on-year (y-o-y) double-digit growth in June 2022.