Malaysia Industrial production November 2018

Malaysia

Malaysia: Growth in industrial output slows in November

January 11, 2019

Industrial production growth eased to 2.5% in November over the same month a year earlier from a revised 4.3% in October; November’s result was, however, above market expectations of a bigger moderation. Although production in the electricity picked up steam, the pace of growth in the headline reading was held back by a softer expansion in the manufacturing sector and a contraction in the mining sector, which came on the tails of a drop in natural gas output.

Industrial output expanded a meager 0.1% over the prior month in November, markedly down from the 1.7% expansion recorded in October. Annual average growth in industrial production inched down to 3.1% in November from 3.2% in November.

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 November 2018

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


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