Malaysia Industrial production June 2019

Malaysia

Malaysia: Industrial output growth ticks down in June

August 9, 2019

Industrial output increased 3.9% year-on-year in June, down slightly from May’s 4.0% increase and missing analysts’ expectations of a 4.1% rise. June’s expansion was driven by stronger mining and quarrying, manufacturing and electricity output. Mining and quarrying rose on the back of increased natural gas output, which was partially offset by a contraction in crude oil production.

On a month-on-month basis, industrial production dipped 1.1% in June, down from May’s 0.3% drop. Meanwhile, annual average growth in industrial output edged up to 3.1% in June from 2.9% in May.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 3.2% in 2019, which is down 0.1 percentage points from the previous month’s estimate, and 3.5% in 2020.


Author:, Economist

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Malaysia Industrial production Chart


Malaysia Industry June 2019

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


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