Industrial production in Malaysia declined by 5.2 percent year-on-year in July 2021, missing market forecasts of a 1.9 percent drop and shifting from a 1.4 percent gain a month earlier. This was the firs fall in industrial output since November 2020, dragged down by the latest wave of local COVID-19 cases and low vaccination rates. Manufacturing output shrank much faster (-6.5 percent vs -0.2 percent in June), amid decreases in transport equipment & other manufacturing (-43.8 percent), non-metallic mineral products, basic metals and fabricated metal products (-27.6 percent) and wood products (-23.7 percent). Also, electricity production fell for the second month running and was at a steeper rate (-6.6 percent vs -4.8 percent). At the same time, mining activity grew by 0.6 percent after jumping 10.3 percent in June, as the natural gas index was up by 4.1 percent amid a 3.6 percent fall in the crude oil & condensate index. source: Department of Statistics, Malaysia
Industrial Production in Malaysia averaged 2.33 percent from 2007 until 2021, 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 September of 2021.
Industrial Production in Malaysia is expected to be 4.30 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 2022 and 4.80 percent in 2023, according to our econometric models.