COVID-19: Malaysia's industrial production growth decelerates sharply in June 2021

Malaysia's industrial production growth decelerated sharply in June 2021, reflecting a subsiding low-base effect. The overall industrial production index (IPI) increased by 1.4% y/y compared to 26.1% y/y in May 2021.

Among the three sub-groups, the manufacturing and the electricity IPI actually decreased by 0.4 % y/y and by 4.8% y/y, respectively. These drops were apparently offset by a 10.3% y/y growth in the mining production, ultimately resulting in a positive change for the overall indicator.

Further data and analysis on Malaysia’s economy are available on the CEIC Malaysia Economy in a Snapshot – Q2 2021 report.