Malaysia Industrial production October 2018


Malaysia: Industrial production output picks up pace in October

December 12, 2018

Growth in industrial production accelerated rapidly to 4.2% in October over a year ago, up from 2.3% in September. The result easily beat market expectations of 3.3% growth and was driven by a rebound in mining output, which expanded for the first time since April, and stronger growth in manufacturing output. On the other hand, activity in the electricity sector eased but grew at a robust pace nonetheless.

Industrial output expanded 1.7% over the previous month in October, contrasting the 0.4% contraction in September. Annual average growth in industrial production edged up to 3.2% in October from 3.1% in September.

Malaysia Industrial Production Forecast

FocusEconomics Consensus Forecast panelists expect industrial production to rise 3.7% in 2019, which is down 0.3 percentage points from last month’s estimate. For 2020, our panelists see industrial output growing 3.9%.

Author:, Economist

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Malaysia Industrial production Chart

Malaysia Industry October 2018 3

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

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