On June 11, Malaysia’s Department of Statistics released its industrial production data for April. The industrial production index rose 4% on a year-over-year basis in April, surpassing analysts’ expectation of a 2.7% rise. All three subindexes (mining, manufacturing, and electricity) saw accelerated growth in April.

On the manufacturing side, transport equipment and other manufacturing clocked in 7.2% growth in April, while textiles, leather, and footwear saw 5.7% growth. Electrical and electronic products, which accounted for 38.7% of total exports between January and April 2019, saw handsome 4.1% growth.

On the mining side, crude oil production continued to fall, while natural gas production rose 6.1%. Electricity production in April rose 5.8% compared to the same month in 2018.