Malaysia Industry


Industrial production accelerates, exceeds expectations

Industrial production expanded 7.6% in July over the same month last year. The figure marked an increase over the 3.3% increase observed in June and beat market expectations of a 4.9% rise. June's expansion, which is the highest in 14 months, mainly reflects growth in manufacturing and in mining output.

On a monthly basis, industrial production rose a seasonally-adjusted 1.9% in July, following the 0.5% rise observed in June.

Annual average growth in industrial production also increased from 3.0% in June to 3.4% in July. FocusEconomics Consensus Forecast panelists project that industrial production will grow 3.6% in 2013, which is down 0.3 percentage points from last month's projection. In 2014, the panel expects industrial output to expand 5.0%.

Author:, Economist

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Malaysia Industry Chart

Malaysia Industry July 2013

Note: Annual variation of industrial production in %.
Source: Department of Statistics Malaysia and FocusEconomics calculations.

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