July IPI Data Exceeded Analyst Expectations
July IPI Data Exceeded Analyst Expectations
In 7MCY24, IPI recorded stronger growth of +4.1%yoy (7MCY23: +1.1%yoy; 2023: 0.7%). In line with the more encouraging economic growth, the sustained IPI growth in Jul-24 suggests the positive growth momentum will continue in 2HCY24 on the back of growing domestic and external demandMalaysia's IPI grew slightly faster at +5.3%yoy in Jul-24 (Jun-24: +5.0%yoy), driven by stronger manufacturing output and increased electricity generation. The pace of growth MIDF said exceeded its own and market consensus as it anticipated IPI growth to reflect stronger activities as seen in the Jul-24 exports.
受制造業產出強勁和發電量增加的推動，馬來西亞的IPI在7月24日同比增長5.3％（6月24日：同比增長5.0％）略有加快。MIDF表示，增長速度超出了其自身和市場的共識，因爲它預計IPI的增長將反映7月24日出口中表現出的更強勁的活動。
By major sector, manufacturing output rose at +7.7%, the fastest expansion since Sep-22 driven among others by higher production of E&E product, machinery, chemicals and motor vehicles.
按主要行業劃分，製造業產出增長了7.7％，這是自9月22日以來最快的增長，這主要是由電子電氣產品、機械、化學品和機動車輛產量的增加所推動的。
Electricity generation also accelerated to +7.0%yoy, sustaining positive growth since May-23 and signalling continued rise in energy demand on the back of growing economic activities. In contrast, mining sector output fell by -5.0%yoy in Jul-24 due to weaker output of both crude petroleum and natural gas.
發電量也加速至同比增長7.0％，自5月23日以來保持正增長，這表明在經濟活動增長的背景下，能源需求持續增長。相比之下，由於原油和天然氣產量疲軟，7月24日採礦業產量同比下降了-5.0％。
In 7MCY24, IPI recorded stronger growth of +4.1%yoy (7MCY23: +1.1%yoy; 2023: 0.7%). In line with the more encouraging economic growth, the sustained IPI growth in Jul-24 suggests the positive growth momentum will continue in 2HCY24 on the back of growing domestic and external demand
在 7MCY24 中，IPI錄得更強勁的同比增長4.1％（7MCY23：同比增長1.1％；2023年：0.7％）。隨着更令人鼓舞的經濟增長，7月24日IPI的持續增長表明，在國內和外部需求增長的背景下，2HCY24 的正增長勢頭將繼續
With the economy and trade activity projected to continue growing, MIDF said it maintains its projection that IPI growth will strengthen to +4.2% this year (2023: +0.7%). The house also expects the recovery in external demand will support production of export products such as E&E, oil & fats and refined petroleum. Similarly, production of consumer goods will also increase on the back of growing domestic consumption.
由於預計經濟和貿易活動將繼續增長，MIDF表示維持其預測，即今年IPI增長將增至+ 4.2％（2023年：+ 0.7％）。衆議院還預計，外部需求的復甦將支持電子電氣、油脂和精煉石油等出口產品的生產。同樣，在國內消費增長的背景下，消費品的產量也將增加。
Nonetheless, several downside risks could adversely affect production plans such as weaker demand from major major economies, escalation in geopolitical and trade tensions, and possible disruptions to global trade and supply chain.
儘管如此，一些下行風險可能會對生產計劃產生不利影響，例如主要經濟體的需求疲軟，地緣政治和貿易緊張局勢升級，以及全球貿易和供應鏈可能受到干擾。
譯文內容由第三人軟體翻譯。
