Malaysia Industrial production December 2017

Malaysia

Malaysia: Industrial production growth moderates in December

February 9, 2018

Industrial production rose 2.9% from the same month of the previous year in December, decelerating from the 5.0% expansion recorded in November and marking the softest year-on-year expansion in over a year and a half. December’s figure also missed market expectations of 4.0% growth in the month.

According to the Statistical Institute, the moderation in factory output growth reflected a 4.1% decline in mining and quarrying production, which followed a meager 0.2% expansion in November. Other sectors fared somewhat better, with key manufacturing output growth softening to a still resilient 5.3% increase in December from a 6.7% rise in November and energy production growth unchanged in December at November’s 3.9%. Looking at the main manufacturing sub-sectors, output of electronics and petroleum, chemical, rubber and plastic products moderated from the previous month, while production of food, beverages and tobacco jumped 17.0% in December following 8.2% growth in November.

In month-on-month terms, industrial production shrank a seasonally-adjusted 1.3% in December, contrasting the 1.9% sequential increase recorded in the previous month. In light of December’s soft headline figure, annual average growth in industrial production slipped to 4.5% from 4.7% in November.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.3% in 2018, which is unchanged from last month’s estimate. For 2019, our panelists see industrial output increasing 4.2%.


Author:, Economist

Sample Report

Looking for forecasts related to Industrial production in Malaysia? Download a sample report now.

Download

Malaysia Industrial production Chart


Malaysia Industry December 2017

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


Malaysia Economic News

More news

Search form