Malaysia August factory output seen picking up at 5 pct y/y

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KUALA LUMPUR (Oct 9): Malaysia's industrial output in August likely rose 5.0 percent from a year earlier, a Reuters poll showed, as exports remained at lower levels.

Output in July was 0.5 percent, a figure economists say was likely distorted by the Ramadan holidays.

The median forecast from 12 economists for August reflects lower expectations toward production as compared to June when output was 7.0 percent. Exports have also been slowing down since April, with July and August exports coming in at 0.6 percent and 1.7 percent respectively.

Forecasts for Malaysia's August year on year Industrial
Production Index:        
INDIVIDUAL ESTIMATES       August IPI
(pct y/y)
Median                         5.0
High                           6.4
Low                            1.6
July                           0.5
June                           7.0
No. of respondents             12
Affin                          4.0
BA Merrill Lynch               5.6
Barclays                       4.3
CIMB                           4.8
DBS                            4.6
Forecast Pte                   1.6
ING                            5.5
Kenanga                        2.8
Maybank                        5.2
Nomura                         5.1
Standard Chartered             5.8
UOB                            6.4