Malaysia Industrial production June 2017

Malaysia

Malaysia: Industrial production growth slows in June

August 10, 2017

Industrial production grew 4.0% in June from the same month of 2016, below May’s 4.6% increase. The figure beat market expectations of a softer 3.0% increase. According to the Department of Statistics Malaysia, June’s deceleration was mainly the result of slower growth in the manufacturing sector and of electricity production. However, mining output rebounded from May’s contraction.

On a monthly basis, industrial production increased a seasonally-adjusted 1.9% in June, above May’s 0.6% rise. Meanwhile, annual average growth in industrial production edged down to 4.4% from May’s 4.5%.

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


Author: Angela Bouzanis, Senior Economist

Sample Report

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

Download

Malaysia Industrial production Chart


Malaysia Industry June 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