Malaysia Industrial production September 2020

Malaysia

Malaysia: Industrial output rises at faster pace in September

November 9, 2020

Industrial output increased 1.0% year-on-year in September, following August’s 0.2% rise. September’s stronger expansion was largely attributed to faster growth in manufacturing production. That said, output in both the mining and quarrying, and electricity sectors contracted at a sharper pace than in August.

On a seasonally-adjusted monthly basis, industrial production rose 1.0% in September, swinging from August’s 0.6% drop. Meanwhile, the trend remained stable, with the annual average variation of industrial production coming in at minus August’s minus 3.8% in September.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 6% in 2021, which is down 0.3 percentage points from last month’s forecast. For 2022, panelists expect industrial output to expand 3.9%.


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Malaysia Industrial production Chart


Malaysia Industry September 20 20

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


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