Malaysia Industrial production August 2017

Malaysia

Malaysia: Industrial production growth accelerates in August

October 12, 2017

Industrial production expanded a robust 6.8% in August in annual terms, accelerating from 6.1% growth in July. The figure beat market expectations of a softer 5.3% increase. According to the Department of Statistics Malaysia, the main contributor to August’s acceleration was strong growth in the mining sector. The manufacturing sector moderated slightly from its over three-year high in July, but still posted a strong expansion nonetheless, while the electricity sector moderated significantly.

On a month-on-month basis, industrial production contracted a seasonally-adjusted 0.1% in August (July: +1.4% month-on-month). Meanwhile, annual average growth in industrial production edged up to 4.7% from 4.6% in July.

FocusEconomics Consensus Forecast panelists project that industrial production will grow 4.1% in 2018, which is up 0.1 percentage points from last month’s projection. In 2019, the panel expects industrial output to expand 3.9%.


Author:, Economist

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Malaysia Industry August 2017

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


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