Industrial production in Malaysia expanded 3.1% year-on-year in March 2023, easily beating market expectations of a 0.6% growth, following a downwardly revised 3.5% rise in the previous month. Output increased softer for manufacturing (4.1% vs 4.8% in February), boosted mainly by rises in production of food, beverages & tobacco (7.6%), electrical & electronics (6.4%), and transport equipment & other manufactures (6.4%). Meanwhile, production in mining rebounded (0.8% vs -0.5%), driven by the increases in crude oil & condensate (6.0%). In contrast, the electricity sector contracted by 0.3%, after increasing by 1.1% in February. On a seasonally adjusted monthly basis, industrial output jumped by 8.3%, the first monthly increase in four months and the strongest growth since June 2020, rebounding sharply from an upwardly revised 5.2% fall in February. source: Department of Statistics, Malaysia

Industrial Production in Malaysia averaged 2.67 percent from 2007 until 2023, reaching an all time high of 49.60 percent in April of 2021 and a record low of -32.00 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 June of 2023.

Industrial Production in Malaysia is expected to be -2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Industrial Production is projected to trend around 3.60 percent in 2024 and 3.20 percent in 2025, according to our econometric models.

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Malaysia Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-04-11 04:00 AM Feb 3.6% 1.8% 2.7% 1.7%
2023-05-09 04:00 AM Mar 3.1% 3.5% 0.6% 1.1%
2023-06-09 04:00 AM Apr 3.1% 2.1% 2.5%


Related Last Previous Unit Reference
Industrial Production Mom 8.30 -5.20 percent Mar 2023
Industrial Production 3.10 3.50 percent Mar 2023
Manufacturing Production 3.99 4.90 percent Mar 2023
Changes in Inventories 2727.00 401.00 MYR Million Mar 2023
Car Production 71731.00 59843.00 Units Mar 2023
Leading Economic Index -1.10 2.90 percent Mar 2023
Coincident Index 121.90 121.60 points Mar 2023
Mining Production 0.66 -0.50 percent Mar 2023
Cement Production 2704.00 2496.00 Thousands of Tonnes Mar 2023

Malaysia Industrial Production
In Malaysia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.50 49.60 -32.00 2007 - 2023 percent Monthly
2015=100, NSA

News Stream
Malaysia Industrial Output Rises More than Expected
Industrial production in Malaysia expanded 3.1% year-on-year in March 2023, easily beating market expectations of a 0.6% growth, following a downwardly revised 3.5% rise in the previous month. Output increased softer for manufacturing (4.1% vs 4.8% in February), boosted mainly by rises in production of food, beverages & tobacco (7.6%), electrical & electronics (6.4%), and transport equipment & other manufactures (6.4%). Meanwhile, production in mining rebounded (0.8% vs -0.5%), driven by the increases in crude oil & condensate (6.0%). In contrast, the electricity sector contracted by 0.3%, after increasing by 1.1% in February. On a seasonally adjusted monthly basis, industrial output jumped by 8.3%, the first monthly increase in four months and the strongest growth since June 2020, rebounding sharply from an upwardly revised 5.2% fall in February.
2023-05-09
Malaysia Industrial Output Growth Beats Expectations
Industrial production in Malaysia increased 3.6% year-on-year in February 2023, accelerating from a 1.8% rise in the previous month and beating market expectations of a 2.7% growth. Output rose faster for manufacturing (4.9% vs 1.3% in January), driven mainly by increased production of vegetable, animal oils & fats (21.5%) and structural metal products, tanks, reservoirs & steam generators (19.5%). Also, outputs recover for the electricity sector (1.1% vs -4.3%), after contracting for four straight months. On the other hand, production in mining fell for the first time in eight months (-0.5% vs 5.9%), weighed down by the declines from crude oil & condensate (-0.3%) and natural gas (-0.5%). On a seasonally adjusted monthly basis, industrial output advanced 4.9%, rebounding from a 2.4% drop in January.
2023-04-11
Malaysia Industrial Output Growth Below Forecasts
Industrial production in Malaysia rose by 1.8 percent year-on-year in January 2023, slowing from a 3.0 percent growth a month earlier and missing market estimates of 2.6 percent. This was the 17th straight month of increase in industrial output but the softest pace in the sequence, with manufacturing production slowing sharply (1.3% vs 3.0% in December), due to falls in the output of wood products, furniture, papers (-6.1%), textiles (-1.8%), and non-metallic mineral products, basic metals (-0.6%). In addition, electricity output declined at a steeper rate (-4.3% vs -2.2%). By contrast, mining activity accelerated (5.9% vs 3.9%), supported by rises in the indexes of both crude oil & condensate (8%) and natural gas (4.5%). On a monthly basis, industrial production dropped by 2.3 percent, after a 0.6 percent fall in December. In 2022, industrial production grew by 6.9 percent, slower than a 7.2 percent gain in the prior year.
2023-03-13