Industrial production in Malaysia expanded by 4.6 percent year-on-year in April 2022, below market forecasts of 5.6 percent and easing from a 5.1 percent growth in the prior month, pointing to the eighth straight month of increase. Manufacturing output growth slowed (6.2% vs 6.9% in March), mainly led by electrical & electronics products (14.2% vs 18.6%), textile, wearing apparel, leather & footwear) (4.7% vs 5.4%), and non-metallic mineral, basic metal & fabricated metal (5.1% vs 5.6%). Also, there was a decline in production of mining (-0.1 percent vs 0.3 percent), amid a 0.8 percent fall in crude oil & condensate. Meanwhile, production of electricity continued to grow (1.5 percent vs 0.8 percent). On a monthly basis, industrial output plunged 4.8 percent, reversing strongly from an 8.6 percent jump in March, which was the highest reading since June 2020. source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 2.44 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 July 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.