Malaysia Industrial production

Malaysia

Malaysia: Industrial production records strongest expansion in a year and a half

February 10, 2015

Industrial production increased 7.4% in December over the same month of the previous year, which marked the strongest expansion since July 2013. The figure came in well above both the 4.8% increase tallied in November and the 4.1% that the markets had expected. December’s increase was driven by improvements in all of the sectors that comprise the index, with manufacturing output posting the largest expansion.

On a monthly basis, industrial production increased a seasonally-adjusted 1.9% in December, which was above the 1.6% rise observed in the previous month. As a result of the improvement in December, annual average growth in industrial production ticked up from 4.9% in November to 5.1% in December, which marked the highest reading since March 2011.

FocusEconomics Consensus Forecast panelists project that industrial production will grow 4.3% in 2015, which is down 0.2 percentage points from last month’s projection. In 2016, the panel expects industrial output to expand 4.3%.


Author:, Economist

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Malaysia Industry December 2014

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


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