Latest reading: Industrial production fell 4.4% on a year-on-year basis in August, following a 0.9% fall in the previous month....
Industrial Production in Malaysia
The Malaysian economy recorded an average industrial production growth rate of 3.3% in the decade to 2024. In 2024, industrial production growth was 3.7%. For more industry information, visit our dedicated page.
Malaysia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Malaysia from 2025 to 2024.
Source: Macrobond.
Malaysia Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -4.1 | 7.4 | 6.9 | 0.7 | 3.7 |
Industrial output growth picks up pace in July
Latest reading: Industrial output expanded 4.2% compared to the same month of the previous year in July, which was above June's 2.9% increase. July's figure marked the best reading since December 2024. The improvement was largely driven by better readings for manufacturing and mining and quarrying output. On a seasonally adjusted monthly basis, factory output rose at a quicker rate of 3.1% in July (June: +2.6% mom), the best result since May 2023. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.8%, down from June's 2.9% reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malaysian industry projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Malaysian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Malaysian industry projections.
Want to get access to the full dataset of Malaysian industry forecasts? Send an email to info@focus-economics.com.
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