Malaysia Industry


Industrial production falls short of expectations

In June, industrial production expanded 3.3% over the same month last year. The figure matched the increase observed in April but came short of market expectations of a 3.7% increase. June's increase mainly reflected growth in manufacturing and in electricity output.

On a monthly basis, industrial production rose a seasonally adjusted 0.1% in June, which contrasted the 0.3% fall observed in May.

Annual average growth in industrial production inched down from 3.1% in May to 3.0% in June, the lowest level since April 2012. FocusEconomics Consensus Forecast panellists project industrial production to 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%.


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Malaysia Industry Chart

Malaysia Industry June 2013

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

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