Total approved manufacturing investment fell by 30.3% yoy to RM5.2bn in 1Q 2010, after a rebound to +42.8% or RM12.7bn in the 4Q. The drop back in investment approvals came as no surprise as the economy was still in its early stage of recovery and the previous quarter’s investment approvals were boosted by some lumpy investment approvals. As a result, both foreign direct and domestic manufacturing investment approvals fell during the quarter.
Economic Highlights - Manufacturing Investment Approvals Fell Yoy In The 1Q - 8/6/2010
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