Industrial production in Malaysia increased by 0.6 percent year-on-year in January 2020, after a 1.3 percent rise in December 2019. It was the weakest growth in industrial output since October last year, as manufacturing output growth eased (2.1 pct vs 3.4 pct in December), mainly due to textile, wearing, apparel, leather & footwear (3.2% vs 4.9%), transport equipment & other manufactures (1.4% vs 4.7%), non-metallic mineral products, basic metal & fabricated metal products (3.9% vs 4.6% ). At the same time, electricity production edged down (-0.01 pct vs 0.9 pct). Meanwhile, mining output fell 3.9 percent, after a 4.9 percent drop in December, due to decreases in crude oil and condensate (-5.9%) and natural gas (-2.3%). On a monthly basis industrial output inched down 0.04 percent in January 2020, after a 0.4 percent fall in December.
Industrial Production in Malaysia averaged 2.39 percent from 2007 until 2020, reaching an all time high of 12.80 percent in March of 2010 and a record low of -17.60 percent in January of 2009. 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 2020. source: Department of Statistics, Malaysia
Industrial Production in Malaysia is expected to be 1.50 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 4.80 in 12 months time. In the long-term, the Malaysia Industrial Production is projected to trend around 4.80 percent in 2021, according to our econometric models.