Industrial production in Malaysia expanded by 12.5 percent year-on-year in July 2022, following a 12.1 percent rise in the prior month, and compared to market forecasts of 15.2 percent. While marking the eleventh straight month of increase in industrial output, the latest figure was the fastest since May 2021, underpinned by a faster rise in both mining and manufacturing production. Manufacturing output grew faster (14.9% vs 14.4%), led by transport equipment and other manufactures products (73.6%), wood, furniture, paper products and printing, non-metallic mineral (27.8%), basic metal & fabricated metal (23.9%); while those mining rose more (3.2 percent vs 2.1 percent), with natural gas rising stronger (12.6% vs 5.5%). Meanwhile, electricity production continued to rise (13.2 percent vs 15.4 percent) On a monthly basis, industrial output plunged 4.7 percent in July, reversing sharply from a 9.6 percent jump in June, which was the highest rate since June 2020. source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 2.55 percent from 2007 until 2022, reaching an all time high of 50.10 percent in April of 2021 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 September of 2022.
Industrial Production in Malaysia is expected to be 3.50 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 5.00 percent in 2023 and 4.80 percent in 2024, according to our econometric models.