Latest reading: Industrial output expanded 8.9% in year-on-year terms in July (June: +7.2% yoy), marking the fastest growth rate since...
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 growth rises in June
Latest reading: Industrial output rose 3.0% in year-on-year terms in June, which was above May's 0.3% increase. Looking at the details of the release, manufacturing plus electricity and gas activity gained steam, and mining and quarrying production contracted at a softer rate. On a seasonally adjusted monthly basis, industrial production rose 2.8% in June (May: -1.4% mom s.a.), the best result since May 2023. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.9% in June, down from May's 3.1%.
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.
Latest Global Industrial production News
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Sweden: Industrial output clocks quickest growth since August 2020 in June Latest reading: Industrial output—excluding energy—expanded 6.7% in seasonally and calendar-adjusted month on month terms in June, which contrasted May’s 1.3%...