Industrial production in Malaysia surged by 9.3 percent year-on-year in March 2021, beating market consensus of a 7.8 percent rise and after a 1.5 percent gain a month earlier. This was the fourth straight month of increase in industrial output and the strongest growth since July 2013, amid a further recovery in the economy from the coronavirus pandemic. Manufacturing activity expanded faster (12.7 percent vs 4.5 percent in February), led by transport equipment & other manufactures (20.9 percent), petroleum, chemical, rubber & plastic products (14.1 percent), electrical & electronic products (13.8 percent), and wood products, furniture, paper products & printing (11.1 percent). Also, production of electricity rebounded sharply (10.3 percent vs -5.8 percent). At the same time, production of mining fell much less (-1.9 percent vs -6.0 percent), due falls in crude oil & condensate index (-9.4%). source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 1.96 percent from 2007 until 2021, 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 May of 2021.
Industrial Production in Malaysia is expected to be 6.00 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 5.00 percent in 2022 and 4.80 percent in 2023, according to our econometric models.