PETALING JAYA: Malaysia's industrial production is expected to maintain its positive momentum for the remaining part of this year. This followed the 6.1% year-on-year (y-o-y) increase in the country's industrial production index (IPI) in April, bringing the year-to-date output growth to 3.9% y-o-y.
According to analysts, this optimistic outlook for the IPI is underpinned by the anticipated rebound in external demand and global manufacturing activities. This in turn is expected to support the country's economic growth for 2024.
