Malaysia Industrial production September 2022

Malaysia

Malaysia: Industrial output growth slows in September

November 4, 2022

Industrial output grew 10.8% year on year in September (August: +13.5% yoy). The reading was partly due to a deterioration in manufacturing production growth. In contrast, mining and quarrying output picked up pace.

On a seasonally adjusted monthly basis, factory output rose at a softer pace of 0.7% in September (August: +1.6% mom). Meanwhile, annual average industrial production growth rose to 7.6% in September (August: +6.9%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 4.4% in 2023, which is unchanged from last month’s forecast, and 4.4% in 2023.


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Malaysia Industry September 2022 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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