Published:
Chart of the Day: Decline in manufacturing loans moderates
On a yearly basis, loans to manufacturing firms went down 2.2%.
The contraction in manufacturing loans improved slightly in May, down 2.2% from the 2.4% decline in the past year.
"This is consistent with a slower rate of expansion seen in the Industrial Production Index.," Maybank Kim Eng said.
Manufacturing loans make up 7% of system loans and 10% of corporate loans.
On the other hand, general commerce loans reported a 6.4% growth, consistent with the recovery in non-oil re-exports which is seen as a proxy for wholesale trade services.
Lending to general commerce makes up 13% and 18% of the system and corporate loans, respectively.
Read Here
Advertise
Sign Up
