skyline at night in Malaysia

Malaysia Industry

Malaysia Industry

Industrial Production in Malaysia

Over the past decade to 2022, Malaysia's economy recorded an average industrial production growth rate of 3.5%, below the 4.1% average for the Asia-Pacific region. In 2022, industrial production growth was 6.7%. 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 2023.
Source: Department of Statistics Malaysia.

Malaysia Industry Data

2018 2019 2020 2021 2022
Industrial Production (ann. var. %) 3.2 2.4 -4.1 7.4 6.7

Industrial output deteriorates in December

Industrial production slid 0.1% year on year in December (November: +0.6% yoy). The reading was partly driven by a sharper contraction in manufacturing production, as it recorded the weakest reading since June. In contrast, mining and quarrying production picked up pace. On a seasonally adjusted monthly basis, factory output fell at a quicker rate of 2.6% in December (November: -0.2% mom) Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at a two-year low of 0.9% in December, down from November's 1.1% 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 7 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

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