Industrial production in Malaysia rose by 1.5 percent year-on-year in February 2021, compared with market consensus of a 2.0 percent gain and after a 1.2 percent growth a month earlier. This was the third straight month of increase in industrial output, amid a further recovery in the economy from the coronavirus pandemic. Manufacturing activity expanded faster (4.5 percent vs 3.5 percent in January), led by electrical & electronic products (10.3 percent), petroleum, chemical, rubber & plastic products (8.9 percent), transport equipment & other manufactures (3.2 percent) and wood products, furniture, paper products & printing (0.9 percent). Meanwhile, production of mining continued to drop (-6.0 percent vs -4.5 percent), due falls in crude oil & condensate index (-11.5%) and natural gas index (-1.6%). Also, electricity output contracted by 5.8 percent, after a 4.6 percent decline in January. source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 1.92 percent from 2007 until 2021, reaching an all time high of 12.80 percent in March of 2010 and a record low of -32 percent in April of 2020. This page provides - Malaysia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Industrial Production in Malaysia is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Malaysia to stand at 3.50 in 12 months time. In the long-term, the Malaysia Industrial Production is projected to trend around 5.00 percent in 2022 and 4.80 percent in 2023, according to our econometric models.