Malaysia Industrial production


Malaysia: Industrial production decelerates to year-and-a-half low in July

September 11, 2014

Industrial production increased 0.5% in July over the same month last year. The figure was well below the 6.9% increase observed in June and market expectations of a 4.3% rise. July’s result marked the lowest growth since February of last year. The deceleration was driven by slower growth in the manufacturing and electricity sectors as well as a large contraction in mining.

On a monthly basis, industrial production decreased a seasonally-adjusted 3.8% in July, which contrasted the 0.6% increase that was observed in June. Annual average growth in industrial production decreased from 4.8% in June to 3.9% in July, which represented the lowest level since January of this year.

FocusEconomics Consensus Forecast panelists project that industrial production will grow 4.7% in 2014, which is unchanged from last month’s projection. In 2015, the panel expects industrial output to expand 4.3%.

Author:, Economist

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Malaysia Industrial production Chart

Malaysia Industry July 2014

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

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