Latest reading: Industrial output grew 18.6% year on year in June (May: +22.1% yoy), driven chiefly by booming manufacturing output...
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 2014 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 records slowest expansion since December 2023 in May
Latest reading: Industrial output grew 0.3% compared to the same month of the previous year in May, which was a deterioration from April's 2.7% increase. The figure marked the worst reading since December 2023 and was driven by the softest growth in manufacturing production since March 2024. In addition, mining and quarrying production weakened. On a seasonally adjusted monthly basis, factory output fell at a quicker rate of 1.3% in May (April: -0.2% mom s.a.), the worst result since September 2024. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 3.1% in May, down from April's 3.3%.
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 11 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.
Latest Global Industrial production News
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Taiwan: Industrial output growth remains buoyant in June -
Lithuania: Industrial output growth rises in June Latest reading: Industrial output increased 4.3% year on year in June (May: +0.9% yoy). June’s reading was driven by faster... -
Malaysia: Industrial output records slowest expansion since December 2023 in May Latest reading: Industrial output grew 0.3% compared to the same month of the previous year in May, which was a... -
Euro Area: Industrial output rebounds in May Latest reading: Industrial production expanded 1.7% month-on-month in seasonally adjusted terms in May (April: -2.2% mom s.a.). The improvement was... -
Japan: Industrial output shrinks again in May Latest reading: Industrial output—which makes up about 30% of Japan’s economy—fell 0.1% in month-on-month seasonally adjusted terms in May, the... -
Hungary: Decline in industrial activity persists in May Latest reading: Industrial output decreased 2.4% year on year in May, matching April’s drop. While manufacturing output fell at a... -
Belgium: Industrial output drops at sharpest pace since December 2024 in May Latest reading: Industrial output fell 2.7% in month-on-month seasonally adjusted terms in May, which was a larger contraction than April’s...