In May, industrial production grew 7.6% over the same month last year, which more than doubled the 3.2% rise tallied in April (previously reported: +3.1% year-on-year) and overshot market expectations that had industrial production rising 5.3%. According to the statistical office, the acceleration seen in May was mainly due to a strong rebound in the mining sector as well as a robust increase in manufacturing output. A month-on-month analysis corroborates the improvement suggested by the annual figures, as industrial production expanded 3.0% in seasonally adjusted terms, which contrasted the 1.7% contraction seen in April. As a result, the trend pointed upwards, with annual average growth in industrial production stepping up from 1.8% in April to 2.9% in May.
Industrial production continues to improve in May
July 11, 2012
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Malaysia Industry Chart
Note: Annual variation of industrial production in %.
Source: Department of Statistics Malaysia and FocusEconomics calculations.
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.