Malaysia Industrial production May 2022

Malaysia

Malaysia: Industrial output growth moderates in May

July 8, 2022

Industrial output grew 4.1% in year-on-year terms in May, which followed April’s 4.6% increase. The reading came amid a sharp deterioration in mining and quarrying output.

On a monthly basis, industrial production fell 2.9% in May after flatlining in seasonally-adjusted terms in April. Meanwhile, annual average industrial production growth fell to 3.3% in May (April: +4.8%), which marked an over one-year low.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 5.9% in 2022, which is down 0.1 percentage points from last month’s forecast. For 2023, panelists expect industrial output to expand 4.3%.


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Malaysia Industry May 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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