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Malaysia Industrial production November 2021

Malaysia: Industrial output records quickest growth since May in November

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%.

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