Industrial production in Malaysia rose by 2.0 percent year-on-year in November 2019, after a 0.3 percent gain in October, which was the weakest reading in nearly four years, and easily beating market consensus of 1.0 percent. This was the strongest yearly increase in industrial output since June, as manufacturing output growth accelerated (2.5 percent vs 2.2 percent in October), mainly due to transport equipment and other manufactures (4.3 percent), non-metallic mineral products, basic metal & fabricated metal products (3.7 percent) and petroleum, chemicals, rubber and plastic products (2.0 percent). In addition, electricity production increased at a steeper rate (1.6 percent vs 0.5 percent). At the same time, mining output rose 0.5 percent, the first rise in five months, after a 5.8 percent fall in October, mainly led by natural gas (3.7 percent). On a monthly basis industrial output went up 1.8 percent in November, swinging from a 1.0 percent drop in October.
Industrial Production in Malaysia averaged 2.41 percent from 2007 until 2019, reaching an all time high of 12.80 percent in March of 2010 and a record low of -17.60 percent in January of 2009. This page provides - Malaysia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Department of Statistics, Malaysia
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. Looking forward, we estimate Industrial Production in Malaysia to stand at 4.80 in 12 months time. In the long-term, the Malaysia Industrial Production is projected to trend around 4.80 percent in 2020, according to our econometric models.