Malaysia Industrial production May 2017

Malaysia

Malaysia: Industrial production growth picks up in May

July 12, 2017

Industrial production grew 4.6% in May from the same month of 2016, above April’s 4.1% increase. The figure beat market expectations of a softer 4.0% increase. According to the Department of Statistics Malaysia, May’s acceleration was mainly the result of faster growth in the manufacturing sector. In addition, electricity production rebounded, while mining output contracted at a more pronounced pace.

On a monthly basis, industrial production increased a seasonally-adjusted 0.6% in May, contrasting April’s 0.1% fall. Meanwhile, annual average growth in industrial production edged up to 4.5% from April’s 4.3%.

FocusEconomics Consensus Forecast panelists project that industrial production will grow 4.3% in 2017, which is up 0.2 percentage points from last month’s projection. In 2018, the panel expects industrial output to expand 4.0%.


Author: Angela Bouzanis, Senior Economist

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Malaysia Industrial production Chart


Malaysia Industry May 2017

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


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