KUALA LUMPUR, Malaysia--Malaysia's industrial output growth in July likely accelerated from a year earlier, according to a poll of economists.
The industrial production index, which measures output from mines, factories and power plants, likely rose 4.5% in July from a year earlier, according to the median forecast from a poll of seven economists by The Wall Street Journal. It climbed 4% from a year earlier in June.
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"Given that there is no excessive inventory building up and healthy demand from abroad, production activities especially companies that are engaged with export oriented industries will continue to grow at a healthy clip," Dr. Mohd Afzanizam Abdul Rashid, chief economist at Kuala Lumpur-based Bank Islam Malaysia Bhd., said.
Malaysian exports grew at a faster-than-expected pace of 30.9% in July from a year earlier on the back of a jump in shipments across all major export products, according to Malaysia's International Trade and Industry Ministry on Wednesday.
Malaysia will release its official industrial-production data at 0400 GMT on Monday.
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(END) Dow Jones Newswires
September 08, 2017 01:24 ET (05:24 GMT)