Industrial production in Malaysia jumped by 12.1 percent year-on-year in June 2022, easily beating market forecasts of 4.9 percent and accelerating sharply from a 4.1 percent rise in the prior month. While marking the tenth straight month of increase in industrial output, the latest figure was the fastest since May 2021, boosted by a faster rise in both electricity production (14.1 percent vs 2.8 percent) and manufacturing (14.5% vs 6.9%), led by transport equipment and other manufactures products (89.9%), non-metallic mineral, basic metal & fabricated metal (25.1%), and electrical & electronics products (16.9). In addition, mining production rebounded (2.1 percent vs -4.9 percent), with natural gas recovering (5.5% vs -3.6%), amid a softer fall in crude oil & condensate (-2.4 percent vs -6.7 percent). On a monthly basis, industrial output surged 9.6 percent in June, the most since June 2020, rebounded sharply from a 1.0 percent fall in May. source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 2.50 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 August 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.