Malaysia Industrial production April 2021

Malaysia

Malaysia: Industrial output expands at record rate April

June 11, 2021

Industrial output expanded at a record-breaking pace of 50.1% year-on-year in April, jumping from March’s 9.3% increase. April’s stellar result benefited from a favorable base effect, and largely reflected surging manufacturing and electricity and gas sub-sectors output. Moreover, mining and quarrying production bounced back healthily over the previous month.

On a monthly basis, factory output swung back into expansion, albeit only marginally, increasing 0.1% in seasonally-adjusted terms in April (March: -2.2% s.a. mom). Lastly, the trend improved significantly, with the annual average variation of industrial production coming in at 3.4%, swinging up from March’s minus 3.5%.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 7.4% in 2021, which is up 0.9 percentage points from last month’s forecast. For 2022, panelists expect industrial output to expand 4.7%.


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Malaysia Industry April 2021 0

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Department of Statistics Malaysia (DSM).


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