Industrial production in Malaysia rose by 26.0 percent year-on-year in May 2021, compared with market estimates of 24.6 percent and a record pace of 50.1 percent jump a month earlier, pointing to the sixth straight month of increase. Manufacturing activity expanded much softer (29.8 percent vs 68 percent in April), amid renewed COVID-19 related restrictions, mainly led by increases in petroleum, chemical, rubber & plastic products (34.8 percent), non-metallic mineral products, basic metal & fabricated metal products (49.4 percent), and transport equipment & other manufactures (68.9 percent). Also, production of electricity went up 7.9 percent, slowing sharply from a 22.9 percent gain in April. Meanwhile, mining output rose faster (20.7 percent vs 14.3 percent), lifted by rises in natural gas index (30.9 percent) and crude oil & condensate index (8.6%). source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 2.38 percent from 2007 until 2021, 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 August of 2021.
Industrial Production in Malaysia is expected to be 4.30 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.