Industrial production in Malaysia unexpectedly dropped by 2.2 percent year-on-year in November 2020, missing market consensus of a 0.2 percent rise and following a 0.5 percent decline a month earlier. This was the second straight month of decline in industrial output, and the steepest fall since May, amid the coronavirus pandemic. Production of mining shrank faster (-15.4 percent vs -10.6 percent in October), due to the decrease in crude oil & condensate index (-15.8%) and natural gas index (-15.1%). Also, electricity output shrank by 2.5 percent, after a 0.8 percent growth in the prior month.In addition, manufacturing activity grew softer (2.0 percent vs 2.4 percent), led by electrical & electronic products (8.3 percent), transport equipment & other manufactures (6.5 percent), and petroleum, chemical, rubber & plastic products (2.0 percent). source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 1.93 percent from 2007 until 2020, 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 January of 2021.
Industrial Production in Malaysia is expected to be 5.20 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 5.00 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.