Malaysia Industrial production January 2019


Malaysia: Growth in industrial output eases in January

March 14, 2019

Industrial production grew 3.2% year-on-year in January, which is slightly below December’s 3.4% result. The print reflected a contraction in mining output and softer growth in manufacturing production offsetting a marked increase in electricity generation. Mining output contraction on a drop in crude oil output, while manufacturing production was affected by significantly softer output in electrical and electronics products.

In month-on-month terms, industrial output rose 1.2% in January, up from December’s 0.2% increase. Annual average growth in industrial production edged down to 2.8% from 3.0% in December.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 3.7% in 2019, which is down 0.3 percentage points from last month’s estimate. For 2020, our panelists see industrial output growing 3.9%.

Author:, Economist

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Malaysia Industrial production Chart

Malaysia Industry January 2019

Note: Annual changes of industrial production index and annual average growth rate in %.
Source: Department of Statistics Malaysia (DSM).

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