More than Expected Drop in Industrial Production in Malaysia

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More than Expected Drop in Industrial Production in Malaysia
More than Expected Drop in Industrial Production in Malaysia

Official data announced on Thursday indicated that the industrial production in Malaysia had declined more than anticipated in the previous month. With analysts estimating that the industrial production may fall to a value of -2.5% last month, the reports presented by Department of Statistics Malaysia stated that Malaysian Industrial Production had slid to an annual rate of -4.5%, from a value of 4.6% in the previous month.

Data made available on Thursday also indicated that the unemployment rate in Australia had taken an unexpected climb in the previous month. A closer look at the report presented by Australian Bureau of Statistics showed that Australian unemployment rate had increased to an adjusted value of 5.6%, from a position of 5.4% in the earlier month. Analysts had however anticipated that the Australian unemployment rate to maintain unchanged at a value of 5.4% previous month.

In other reports related to Australia, official data showed that employment change in Australia had declined higher than expected in the previous month. With an expectation among analysts that the Australian employment change to fall -5.0K last month, the report provided by Australian Bureau of Statistics also indicated that Australian employment change had slid to a value of -36.1K, from a reading 74.0K in the previous month when the reading was revised up from 71.5K.

Reports that were announced on Wednesday showed that the core machinery orders of Japan had taken a rising trend, in the previous month, and was higher than anticipated. The report presented by Economic and Social Research Institute also showed that the core machinery orders for Japan had increased to a value of 7.5%, from -13.1% in the earlier month. There was a general expectation among analysts that the core machinery orders in Japan to increase to a reading of 6.8% previous month.

Official data available on Wednesday indicated that M2 money stock of Japan had recorded an increase in the previous month, which was quite surprising. A closer look at the data presented by Bank of Japan indicated that M2 Money Stock of Japan had increased to 3.0%, from a value of 2.9% in the previous month. Analysts had however, anticipated that Japan’s M2 Money Stock might remain without change at 2.9% previous month.