Malaysia Industry


Industrial production decelerates in March

Industrial production expanded 4.4% in March over the same month last year. The figure was down from the 6.7% increase observed in February, but beat market expectations of a 3.7% rise. March's deceleration was driven by slower growth in the manufacturing and electricity sectors.

On a monthly basis, industrial production decreased a seasonally-adjusted 0.2% in March, which contrasted the 1.5% expansion that was observed in February. Annual average growth in industrial production increased from 4.3% in February to 4.6% in March, which marked the highest reading in three years.

FocusEconomics Consensus Forecast panelists project that industrial production will grow 4.6% in 2014, which is unchanged from last month's projection. In 2015, the panel expects industrial output to expand 4.4%.

Author:, Economist

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Malaysia Industry Chart

Malaysia Industry March 2014

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

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