Malaysia Industry May 2020


Malaysia: Industrial output improves in May

July 9, 2020

Industrial production fell 22.1% year-on-year in May (April: -32.0% yoy). May's smaller drop came on the back of more moderate falls in manufacturing, and electricity and gas generation output.

On a monthly basis, industrial output grew 14.6% in seasonally-adjusted terms in May, rebounding from April’s 27.5% fall. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 3.4%, down from April's minus 1.2% reading.

FocusEconomics Consensus Forecast panelists expect industrial production to fall 3.4% in 2020, which is unchanged from the previous month’s estimate, and to grow 4.6% in 2021.


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Malaysia Industry Chart

Malaysia Industry May 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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