Malaysia Industrial production April 2022

Industrial output grew 4.6% in year-on-year terms in April, which followed March’s 5.1% increase. The reading was largely due to a deterioration in manufacturing output growth. In addition, mining and quarrying production weakened.

On a monthly basis, industrial production was flat in seasonally-adjusted terms in April, which was better than March’s 0.7% fall. Meanwhile, annual average industrial production growth fell to 4.8% in April (March: +7.4%), which marked a one-year low.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 5.9% in 2022, which is down 0.1 percentage points from last month’s forecast. For 2023, panelists expect industrial output to expand 4.6%.

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