PETALING JAYA: Local factory output as measured by the industrial production index (IPI) for the first quarter will be distorted by seasonal factors, say economists.
They cautioned that the production ramp-up before the Chinese lunar new year holidays could see January’s IPI figures rising when compared to the lacklustre performance of December, where factory output expanded 2.9%, lower than the forecast 4.6% and down from November’s 5%.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
