Industrial production in Malaysia rose by 1 percent year-on-year in September 2020, less than market consensus of a 1.7 percent growth and after a 0.2 percent gain a month earlier. This was the third straight month of growth in industrial output, as the country emerged further from the COVID-19 shocks following the loosening of the movement control orders. Production of manufacturing expanded faster (4.3 percent vs 2.2 percent in August), led by electrical & electronic products (9.8 percent), food beverages & tobacco (4.9 percent), and petroleum, chemicals (3.2 percent). Meanwhile, there were declines in both mining activity (-9.6 percent vs -6.7 percent) and electricity output (-2.1 percent vs -1.1 percent). source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 1.97 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 November of 2020.
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 4.30 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.