FX.co ★ Malaysia Industrial Output Growth at 14-Month High

In September 2025, Malaysia saw its industrial production experience a significant year-on-year growth of 5.7%, up from a 4.8% increase the previous month. This surge surpassed market predictions, which had anticipated a 5.5% rise, and highlighted the most rapid expansion in industrial activity since July 2024. The remarkable increase was largely driven by a substantial upturn in manufacturing output, which jumped to 5% from 2.8% in August. Within the manufacturing sector, notable growth was observed in several key areas: food processing products increased by 9.0%, computer, electronic and optical products by 8.8%, vegetable and animal oils and fats by 7.4%, basic metals by 6.1%, and fabricated metal products (excluding machinery and equipment) by 4.5%. Further contributing to the overall industrial growth, the mining sector saw an increase of 10.2%, albeit down from 16.8% previously, while the electricity sector rose by 2.8%, up from 1.2%. However, on a seasonally adjusted month-to-month basis, industrial output experienced a 0.9% decline in September, marking a continuing downward trend following a 0.3% decrease in the prior period.