Industrial production in Malaysia fell by 0.4 percent year-on-year in June 2020, after a downwardly revised 21.6 slump a month earlier. This was the fourth straight month of decline in industrial production, but the smallest fall in the current sequence, due to the loosening of the movement control orders to prevent the COVID-19 outbreak. Output contracted softer for both electricity sector (-2.4 percent vs -10.3 percent in May) and mining activity (-17.1 percent vs -22.2 percent), while that of manufacturing rebounded sharply (4.7 percent vs -22.6 percent).
Industrial Production in Malaysia averaged 1.99 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 August of 2020. source: Department of Statistics, Malaysia
Industrial Production in Malaysia is expected to be 2.80 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 6.00 in 12 months time. In the long-term, the Malaysia Industrial Production is projected to trend around 5.00 percent in 2021 and 4.80 percent in 2022, according to our econometric models.