Malaysia Industrial production June 2022

Malaysia

Malaysia: Industrial output expands at fastest pace since May 2021 in June

August 9, 2022

Industrial output grew 12.1% compared to the same month a year earlier in June, which was above May's 4.1% increase. June's figure marked the strongest increase since May 2021. The reading reflected a broad-based improvement, with activity in the manufacturing, mining and quarrying and electricity and gas sub-sectors all improving in June.

On a seasonally-adjusted monthly basis, industrial output rose 8.4% in June (May: -2.9% mom), the best result since June 2020. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at 4.3%, up from May's 3.3%.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 6.1% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, panelists expect industrial output to expand 4.4%.


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Malaysia Industry June 2022

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Department of Statistics Malaysia (DSM).


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