Industrial production in Malaysia unexpectedly increased by 1.7 percent year-on-year in December 2020, missing market consensus of a 0.5 percent fall and following a 2.2 percent drop a month earlier. This was the first time increase in industrial output in three months, and the most since February, amid the coronavirus pandemic. Manufacturing activity grew faster (4.1 percent vs 2.0 percent), led by transport equipment & other manufactures (8.4 percent), petroleum, chemical, rubber & plastic products (7.7 percent) and electrical & electronic products (7.6 percent). In addition, production of mining shrank much less (-5.4 percent vs -15.4 percent in November), due to the decrease in crude oil & condensate index (-9.0%) and natural gas index (-2.5%). Also, electricity output contracted by 0.2 percent, after a 2.5 drop in the prior month. Considering 2020 full year, the manufacturing output declined by 4.2 percent from a year earlier. source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 1.92 percent from 2007 until 2020, 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 February of 2021.
Industrial Production in Malaysia is expected to be 5.20 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 5.00 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.