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.