In October, industrial production grew 3.0% over the same month last year, which represented the slowest pace of expansion since November 2009 and was below the 5.6% increase recorded in September. Nonetheless, the reading overshot market expectations, which had industrial output rising only 2.1%. The deceleration was the result of a decline in mining output along with a deceleration in manufacturing production. Mining output contracted 1.1% over the same month last year (September: +1.7% year-on-year), while manufacturing production, which accounts for nearly two thirds of total industrial output, moderated to a 4.5% increase (September: +7.5% yoy). Only electricity generation improved, accelerating from a 3.1% increase in September to a 5.0% expansion in October. Despite October's weak reading, the trend in industrial production continues to point upwards, with annual average growth in industrial production rising from 7.1% in September to 7.3% in October.
Industrial output grows at slowest pace in 12 months
December 9, 2010
Looking for forecasts related to Industry in Malaysia? Download a sample report now.
Malaysia Economic News
October 12, 2016
Industrial production increased 4.9% in August from the same month last year.
October 7, 2016
Exports in USD terms rose 3.3% annually in August, which was a sharp improvement over July’s 8.9% contraction (previously reported: -8.7% year-on-year).
September 23, 2016
In August, consumer prices rose 0.43% over the previous month, which was slightly up from the 0.26% increase registered in July, according to the Department of Statistics Malaysia.
September 16, 2016
The ringgit has had a tumultuous week as a combination of factors, both domestic and external, have impacted the currency.
September 10, 2016
Industrial production increased 4.1% in July over the same month last year.