Malaysian industrial production likely slowed in February

Malaysia's Department of Statistics will release February industrial production data on 10 April.

Malaysian industrial production growth is expected to have slowed to 4.2% y/y from 7.0% in January as production contracted 0.8% on a m/m seasonally adjusted basis.

External demand remains lacklustre: exports contracted 0.6% y/y and export-oriented industries reported only 5.9% y/y growth in January. Domestic market-oriented industries performed better, reporting 8.1% y/y growth.

The mining sector was also likely affected by weak commodity prices.

"we expect manufacturing activity to have been supported mainly by domestic demand", says Standard Chartered