Malaysia Industry April 2020

Malaysia

Malaysia: Industrial activity contracts at sharpest pace on record in April

June 11, 2020

Industrial output dropped 32.0% in year-on-year terms in April, which was a larger contraction than March's 4.9% decrease. April's result marked the worst reading on record.

The decline came on the back of contractions in manufacturing, and electricity and gas generation output.

On a monthly basis, industrial output decreased 27.5% in April, which was well below March’s 8.9% fall. The print marked the worst result on record. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.2% in April, down from March's plus 1.7% reading.

FocusEconomics Consensus Forecast panelists expect industrial production to fall 3.7% in 2020, which is unchanged from the previous month’s estimate, and to grow 4.7% in 2021.


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Malaysia Industry April 20 20

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


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