Malaysia Industrial production November 2021

Malaysia

Malaysia: Industrial output records quickest growth since May in November

January 10, 2022

Industrial output increased 9.4% compared to the same month of the previous year in November, which was above October's 5.5% increase. The print marked the best result since May. The upturn was largely due to stronger manufacturing output and rebounding mining and quarrying production.

On a monthly basis, factory output grew 3.0% in seasonally-adjusted terms in November, which was above October’s 1.7% expansion. Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at 7.0%, up from October's 6.0%.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 5.2% in 2022, which is down 0.1 percentage points from last month’s forecast. For 2023, panelists expect industrial output to expand 4.9%.


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Malaysia Industrial production Chart


Malaysia Industry November 2021

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


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