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Capital Reenters Industrial Sector as Manufacturing Benefits from Energy Cycle
Production rose on strength in energy and transportation. Driven by a surge in petroleum and coal product sales, manufacturing sales rose by 3.0 per cent in March, reaching their highest level since January 2025. The escalation of the Middle East conflict led to a 27.4 per cent increase in energy and petroleum prices, pushing total sales in this sector to their highest level since September 2023. The transportation equipment sector also continued to record gains. Production ramped up across several motor vehicle manufacturing plants, while the aerospace segment benefited from AirAsia’s order for 150 A220 aircraft. In price-adjusted terms, total manufacturing shipments increased 1.0 per cent, largely supported by a sharp expansion in motor vehicle production, which jumped 15 per cent.