PETALING JAYA: While upbeat over the year-on-year (y-o-y) improvement in Malaysia’s industrial production for July following the release of the month’s industrial production index (IPI) report yesterday, economists continue to advocate caution with regards to the general sentiment of the economy.
Although the IPI saw a 4.2% y-o-y improvement in July, it actually experienced a marginal contraction of 0.3% month-on-month, while also decelerating to grow at a slower rate of 2.4% for the first seven months of the year, against 4% for the same period of 2024.
