Industrial production in Malaysia rose by 4 percent year-on-year in April 2019, following a 3.1 percent gain in March and beating market expectations of a 2.7 percent gain. It was the largest rise in industrial output in six months, as manufacturing production advanced further (4.3 percent vs 4.1 percent in March), namely transport equipment & other manufactures (7.2 percent), electrical and electronic products (4.1 percent), and petroleum, chemical, rubber & plastics (3.6 percent). Also, electricity output rose at a faster pace (5.8 percent vs 4.8 percent). Additionally, mining production went up 2.3 percent, rebounding from a 0.2 percent fall in March, the biggest gain since August 2017, of which natural gas (6.1 percent). On a monthly basis industrial output advanced 2 percent, after a 1.2 percent rise in March, the steepest monthly increase in nine months. Considering the first four months of the year, industrial production grew by 3 percent over the same period of 2018. Industrial Production in Malaysia averaged 2.43 percent from 2007 until 2019, 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.
Industrial Production in Malaysia is expected to be 3.80 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 4.80 percent in 2020, according to our econometric models.