Malaysia Industrial production July 2022

Malaysia

Malaysia: Industrial output records quickest growth since May 2021 in July

September 20, 2022

Industrial production grew 12.5% year on year in July (June: +12.1% yoy). The print marked the best reasing since May 2021. July's pickup was partly driven by an improvement in manufacturing production growth. In addition, mining and quarrying production gained steam.

On a seasonally-adjusted monthly basis, factory output fell 3.9% in July (June: +8.4% mom), the worst result since July 2021. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 5.7% in July, up from June's 4.3%.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 5.8% in 2022, which is down 0.3 percentage points from last month’s forecast. For 2023, panelists expect industrial output to expand 4.4%.


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Malaysia Industry July 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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