KUALA LUMPUR (Dec 12): Economists expect a further slowdown of industrial production growth until year end and into the first half of 2023 (1H2023) due to the ongoing slowdown in global growth. He added industrial production index (IPI) will also be expected to be dragged by sluggish global market conditions and muted customer demand. Overall, we maintain our projection for IPI growth unchanged at +6% for this year," said MIDF Research in a note. It further stated that IPI growth also started to turn negative in some countries with global manufacturing dropping to 49.4 in October 2022. "Like Malaysia, IPI growth in the US and Japan also registered a more moderate growth in October 2022.
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