Malaysia Industrial production September 2018

Malaysia

Malaysia: Growth in industrial production picks up slightly in September

November 9, 2018

Industrial production expanded 2.3% in September over the same month a year ago, up from August’s 2.2% increase. The result came in slightly above market expectations and was driven by robust growth in the manufacturing and electricity generation sectors more than offsetting a sharp contraction in the mining sector, with both the production of natural gas and crude oil falling markedly.

In month-on-month terms, industrial output contracted 0.4% in September and matched the previous month’s drop. Annual average growth in industrial production eased from 3.4% in August to 3.1% in September.

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


Author:, Economist

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Malaysia Industrial production Chart


Malaysia Industry September 2018

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


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