Malaysia Industrial production September 2021

Malaysia

Malaysia: Industrial output rebounds in September

November 9, 2021

Industrial output increased 2.5% in year-on-year terms in September, which contrasted August's 0.7% decrease. Looking at the details of the release, manufacturing and electricity and gas output gained steam, while mining and quarrying production contracted at a softer rate.

On a seasonally-adjusted monthly basis, industrial output rose at a quicker rate of 4.1% in September (August: +2.3% s.a. mom), the best result since February. Meanwhile, annual average industrial production growth rose to 5.4% in September (August: +5.3%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 5.3% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, panelists expect industrial output to expand 4.8%.


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Malaysia Industrial production Chart


Malaysia Industry September 2021

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


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