Industrial production better than forecast

Kenanga Research said the 5.2% jump was driven by a recovery in the manufacture of goods for export.

PETALING JAYA: Malaysia’s industrial production index (IPI) climbed 5% in June 2024, following growth of 2.4% in the preceding month, sustaining positive momentum for six consecutive months.

The growth in factory output exceeded market expectations for 4% growth in June, according to a Reuters poll.